Extract of AOL Time Warner’s Content Production and Distribution Holdings The following selection does not claim to present an exhaustive listing, but rather picks some of the company's most important assets. Due to the rapid developments in the world of media giants the list is also subject to changes. Cable TV Systems and Channels/Networks Time Warner Cable has 12.6 million subscribers in the U.S. and also runs 5 local 24-hour news stations. Cable TV channels/networks (some part-owned): HBO, HBO Plus, HBO Signature, HBO Family, HBO Comedy, HBO Zone, Cinemax, MoreMAX, ActionMAX, ThrillerMAX, HBO en Espa-ol, Comedy Central, Court TV, HBO Ole, HBO Asia, HBO Central Europe, CNN, CNN Headline News, CNN International, CNNfN, CNN/Sports Illustrated, CNN en Espa-ol, CNN Airport Network, CNN Radio, CNN Radio Noticias, CNN Interactive TBS Superstation, Turner Network Television, Cartoon Network, Turner Classic Movies, TNT Europe, Cartoon Network Europe, TNT Latin America, Cartoon Network Latin America, TNT & Cartoon Network/Asia Pacific, CNN+, n-tv Movies, TV, Video Production, and Movie Theaters Warner Bros. film studio Warner Bros. Television production studios Warner Bros. Home Video Turner worldwide Home Video Turner Pictures Castle Rock Entertainment movie production company New Line Cinema movie production company Warner Bros. film library Turner Film Library Hanna Barbera Cartoons Owns many movie houses, with over 1,000 screens, around the world Book Publishing Time Life Inc. Book-of-the-Month Club Warner Books Little, Brown and Company Oxmoor House Leisure Arts Sunset Books Magazines Time, People, Sports Illustrated, Fortune, Life, Money, Parenting, In Style, Entertainment Weekly, Cooking Light, Baby Talk, First Moments, Coastal Living, Health, Progressive Farmer, Southern Accents, Southern Living, Sports Illustrated, For Kids, Sunset, Teen People, Time for Kids, Weight Watchers, Mutual Funds, Your Company, Asiaweek, President, Wallpaper. Hippocrates Recorded Music Warner Music Group The Atlantic Group Elektra Entertainment Group Rhino Entertainment Sire Records Group Warner Bros. Records Warner Music International WEA Inc. WEA Corp. WEA Manufacturing Ivy Hill Corp. Warner Special Products Alternative Distribution Alliance Giant Merchandising Deals with record labels include: Maverick records Tommy Boy Sub Pop Qwest 143 Records Internet and New Media About 130 Websites including: CNN.com, AllPolitics.com, CNNSI.com, Time Digital, People, Southern Living, Sports Illustrated Turner New Media Online Services including: Compuserve, Netscape, Netcenter Pro Sports Teams and Promotions Atlanta Braves major league baseball team Atlanta Hawks NBA basketball team World Championship Wrestling Goodwill Games Other Six Flags entertainment/excursion parks Warner Bros. Movie World theme park Over 150 Warner Bros. stores, plus Turner Retail Group 25 % stake in Atari 14 % stake in Hasbro Business Connections with Other Media Companies Joint ventures, equity interests or major arrangements with Viacom, Sony, Bertelsmann, News Corp., Kirch, EMI, Tribune Co., and others.

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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.

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