14 Facts About Warner Communications

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

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

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 .

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.

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

Related searches

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.

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.

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.

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

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.

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

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

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.

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