Warner Media, LLC was an American multinational mass media and entertainment conglomerate.
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14 Facts About Warner Media
2.
Warner Media Communications served as the parent company for Warner Media Bros.
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3.
In 1979, Warner Media formed a joint venture with credit card company American Express called Warner Media-Amex Satellite Entertainment.
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4.
From 1976 to 1984, Warner Media 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 Media acquired Turner Broadcasting System, which was established by Ted Turner in 1965.
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6.
Time Warner Media 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 Media 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 Media announced they would sell the Warner Media 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 Media spun out its Time Warner Media 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 Media 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 Media 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 Media, Related Companies, and Oxford Properties Group announced that the then Time Warner Media 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 Media sold its stake in the Columbus Circle building for $1.
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