International Encyclopedia of Communication Online

Extract

Time Warner is the world's leading multimedia conglomerate (→  Media Conglomerates ), with operations in filmed entertainment, broadcast and →  cable television , →  Internet services and print media. The company generated more than $43 billion in revenues in 2005. Time Warner was built through a series of →  mergers over more than 80 years. Time, Inc. began in 1922 as a publishing company for Time magazine, which first appeared in 1923 (→  News Magazine, History of ). Over the years, the company would create additional titles such as Fortune , Life, Sports Illustrated , and Money magazines. In 1965, Time entered the cable distribution business; it launched Home Box Office (HBO), a premium cable program network, in 1972 (→  United States of America: Media System ). Warner Brothers, a producer of filmed entertainment, was founded in 1923. It was home to the first talking picture, The Jazz Singer , and the production home for the animation studio Looney Tunes. Warner Bros also became a major producer of recorded music, with Atlantic Records, Elektra Records, and Reprise Records among its many labels (→  Music Industry ). As →  Television became popular in American homes, Warner Bros began producing programming for this medium, and it remains one of the leading producers of broadcast prime time as well as syndicated programming. Warner Bros entered the cable television business ... log in or subscribe to read full text