14 Facts About Warner Communications

1.

Warner Communications Media, LLC was an American multinational mass media and entertainment conglomerate.

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2.

In 1979, Warner Communications formed a joint venture with credit card company American Express called Warner Communications-Amex Satellite Entertainment.

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3.

Warner Communications bought out American Express's half in 1984 and sold the venture a year later to the original iteration of Viacom, which renamed it MTV Networks .

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4.

From 1976 to 1984, Warner Communications owned Atari, Inc, but suffered substantial losses due to the video game crash of 1983, and had to spin them off in 1984.

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5.

On October 10,1996, Time Warner Communications acquired Turner Broadcasting System, which was established by Ted Turner in 1965.

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6.

Time Warner Communications completed its purchase of Six Flags Theme Parks in 1993 after buying half of the company in 1991, saving it from financial trouble.

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7.

Time Warner Communications had been looking for a way to embrace the digital revolution, while AOL wanted to anchor its stock price with more tangible assets.

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8.

In July 2003, the company dropped the "AOL" from its name, and spun off Time-Life's ownership under the legal name Direct Holdings Americas, Inc On November 24,2003, Time Warner Communications announced they would sell the Warner Communications Music Group, which hosted a variety of acts such as Madonna and Prince, to an investor group led by Edgar Bronfman Jr.

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9.

In 2005, Time Warner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W Bush.

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10.

In 2009, Time Warner spun out its Time Warner Cable division, and later AOL, as independent companies; AOL was later purchased by Verizon in 2015.

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11.

In June 2012, Time Warner Communications acquired Alloy Entertainment, a publisher and television studio whose works are aimed at teen girls and young women.

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12.

On March 6,2013, Time Warner Communications intended to spin-off its publishing division Time Inc as a separate, publicly traded company.

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13.

In January 2014, Time Warner Communications, Related Companies, and Oxford Properties Group announced that the then Time Warner Communications intended to relocate the company's corporate headquarters and its New York City-based employees to 30 Hudson Yards in the Hudson Yards neighborhood in Chelsea, Manhattan, and has accordingly made an initial financial commitment.

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14.

Time Warner Communications sold its stake in the Columbus Circle building for $1.

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