Time Warner Inc.

Time Warner Inc.2 posts
21 Oct, 2016

Announces $83b Time Warner acquisition

Acquisition

AT&T announces it will purchase Time Warner for $86 billion. The buyout grants AT&T distributor power over CNN and HBO. AT&T says the deal will give customers ‘unmatched choice, quality, value and experiences that will define the future of media and communications” and the new company would “lead the next wave of innovation in converging media and communications industry.’ AT&T CEO Stephenson:

This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers.

20 May, 2008

Cable company spinoff announced

Time Warner Inc. formally announces plans to spin off its cable company into Time Warner Cable, Inc. The brand’s cable business is the second-largest in the country with approximately 13.3 million video subscribers. Chief Executive Bewkes says:

Two independent companies will have better long-term strategic, financial and operational flexibility, something we believe is of growing importance.

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