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 WORLD-INFOSTRUCTURE > THE CONTENT INDUSTRY > AOL TIME WARNER
  AOL Time Warner


The largest media conglomerate in the world, Time Warner resulted from the merger of the publisher Time Inc. and the media company Turner Broadcasting Systems, Inc. in 1996. Time Inc. founded in 1922 primarily concentrated on magazines and books and in the 1950s moved into the broadcasting and entertainment industry, but in the 1970s announced that it was selling its broadcasting holdings and concentrating on cable television. In 1989 Time Inc. merged with Warner Communications Inc., which besides being a major motion-picture and television studio, was also one of the biggest U.S. music recordings producers and cable-television operators.

In January 2000 Time Warner merged with AOL (America Online) in a US$ 243.3 billion deal. Although AOL so far generated far less profit and turnover than Time Warner its quotation on the stock exchange was clearly higher, making Time Warner the junior partner (45 percent) in the new company. Through its merger with AOL, which is a major player in the online-business and owns several Internet-services like Compuserve, Netscape and Netcenter, the new media conglomerate could significantly enlarge its online presence and also complement its traditional media activities.




browse Report:
The content industry
    The Concept of the Public Sphere
 ...
-3   Highlights on the Way to a Global Commercial Media Oligopoly: 1980s
-2   Highlights on the Way to a Global Commercial Media Oligopoly: 1990s
-1   The Big Five of Commercial Media
0   AOL Time Warner
+1   Extract of AOL Time Warner’s Content Production and Distribution Holdings
+2   Disney
+3   Extract of Disney’s Content Production and Distribution Holdings
     ...
Digital Commercial Content
 RESEARCH MATRIX