Time Warner Company
One Time Warner Center
New York, NY 10019
Voice (212) 484-8000
http://www.timewarner.com/HoldingsTimeline1898Henry Luce, son of an American missionary, is born in China1918The four Warner Brothers, Jack, Albert, Harry and Samuel, open their first West Coast studio1921Luce and Yale classmate Briton Hadden begin working together as reporters for The Baltimore News1923The four brother's film distribution and production business is incorporated and called Warner Brothers Pictures Inc.1923Luce and Hadden use the $86,000 they raised to release Time magazine. Hadden becomes editor while Luce serves as business manager 1927Warner Brothers film production releases the first "talkie" Al Jolson's The Jazz Singer1928First Time Man-of-the-Year features Charles Lindbergh1929Hadden dies of a streptococcus infection. Luce takes over as Time editor1930Fortune magazine is launched by Luce as part of Time Inc.1931March of Time radio program first airs1934Luce launches Architectural Forum1935March of Time newsreel first runs its first newsreel1936Life magazine is launched1937Detective Comics (DC) is created1938Ted Turner born in Cincinnati, OH1940Bugs Bunny appears for the first time in a Warner Brothers' short A Wild Hare1942arch of Time became straight news program1944Leon Schlesinger sells his cartoon studio (Looney Tunes) to Warner 1947Jack Warner testifies before House Committee on Un-American Activities1948Warner Brothers sells film library to MGM. The Supreme Court's anti-trust Paramount Decree forces movie studios to divest themselves from owning theaters1950Elektra Records is founded by a college student, Jac Holzman1952House and Home magazine launched. Time makes first investment in television industry by purchasing KOB-TV Albuquerque, NM1954Sports Illustrated is launched1958Warner Bros. Records is founded. Label is later called WEA (Warner/Elektra/Atlantic)1960Brown University expels Ted Turner1961Time-Life Inc. is formed to be Time Inc.'s book division1963Ted Turner's father Ed commits suicide because of financial difficulties. Ted takes over family's billboard business1963Animation division at Warner closed. Frank Sinatra sells his Reprise record label to Warner Brothers1967Henry Luce dies in Phoenix, Arizona1967Seven Arts Ltd. buys Warner Brothers for $84 million. Company becomes known as Warner-Seven Arts. Warner Seven-Arts purchases Atlantic Records1967New Line Cinema formed1967Kinney National Company, a funeral parlor conglomerate purchases D.C. Comics and All-American Comics. Kinney also buys Ashley Famous talent agency1968Time-Life Inc. acquires Little, Brown and Company 1969Kinney National Company acquires Warner-Seven Arts and in 1972 renames the company Warner Communications Inc.1970Holzman sells his Elektra Records to Warner Communications1970Turner purchases Atlanta UHF television station, WJRJ, renaming it WTCG (Turner Communications Group)]1972Time Inc. buys Home Box Office (HBO) from Charles Dolan. HBO transmits first programming to 365 subscribers in Wilkes-Barre, PA. Money magazine launched1974People magazine launched1976Ted Turner purchases Major League Baseball's Atlanta Braves. Turner Broadcasting's WTCG becomes cable television's first Superstation as it is beamed via satellite to cable homes across the country1976Video game pioneer Nolan Bushnell sells Atari to Warner Communications for $28 million.1977Turner Communications Group purchases the National Basketball Association's Atlanta Hawks. Turner wins yachting's America's Cup1978Warner Communications acquires cable operator American Television & Communications (ATC)1979Turner Communications Group becomes Turner Broadcasting System, Inc. WTCG is renamed WTBS1980The first 24-hour, all-news network, CNN, is launched with 1.7 million subscribers1982Turner Broadcasting launches CNN Headline News and thwarts a takeover attempt by Westinghouse1984Warner Communications sells most of its stake in Atari off to Jack Tramiel, deposed president of Commodore Computers.1986Time acquires Scott Foresman & Company book publishing unit1986Turner Broadcasting buys MGM library of movies and television shows1987Warner acquires Chappell Music1988TNT cable network launched1989Time Warner Inc. is formed after Time merges with Warner Communications1989Publishing houses Scott Foresman and Little, Brown sold off to Harper Row1990Entertainment Weekly is launched 1991The Internet bulletin-board system Quantum Computer Services changes name to America Online. Steve Case is one of the company's founders1991The Tribune Company receives a 9% stake in AOL after making a $5 million investment in the company1992Gerald Levin takes control of Time Warner after death of Steven J. Ross. New York 1 News launched1992America Online becomes a publicly traded company1992Turner Broadcasting launches Cartoon Network1993Turner Broadcasting System merges with Castle Rock and New Line1994AOL reaches 1 million subscribers1994Turner Classic Movies is launched1994Warner/Chappell Music becomes the world's largest music publisher after it acquires CPP/Belwin1994In Style magazine is launched1994Edgar Bronfman Jr.'s Seagram company acquires a 14.5% stake in Time Warner1995AOL launches services in Europe. AOL purchases WebCrawler1995 Time Warner acquires Houston Industries1995WB network broadcast network is launched1996Telecommunications Act of 1996. Time Warner acquires Turner Broadcasting System1997Time Warner sells American Lawyer magazine to investment bankers Wasserstein Perella1997AOL acquires CompuServe and ICQ1998AOL acquires Netscape1999AOL acquires Spinner, Winamp, SHOUTcast and DMS1999Turner acquires a National Hockey League expansion franchise. The Atlanta Thrashers begin play in 19992000 AOL acquires MapQuest2000Time Warner makes deal with Tribune Company for Times Mirror magazines that include Golf, Ski, Skiing, Field & Stream, and Yachting2000AOL and Time Warner announce their $183 billion merger. The largest corporate merger in history is finalized in January of 2001. The world's largest media and entertainment company changes name to AOL Time Warner2001AOL Time Warner acquires the United Kingdom's top magazine publisher, IPC Media, from Cinven for $1.67 billion.2002AOL Time Warner buys out AT&T's stake in Time Warner Entertainment. AOL-Time Warner then created its own cable operation while AT&T merged with Comcast.2003Steve Case steps down as AOL Time Warner chairman. Dick Parsons replaces Case. AOL Time Warner reports $54.24 billion quarterly loss. Company changes name back to Time Warner2004Time Warner sells the Atlanta Hawks, Atlanta Thrashers, and Philips Arena to a local investment group2004The Time Warner Center opens2004Time Warner finalizes deal to sell the WEA CD and DVD manufacturing division to Cinram International. The company agrees to sell Warner Music Group (including its record labels Warner Brothers, Atlantic, Elektra and music publishing division Warner Chappell) to private investor group led by Edgar Bronfman, Jr. 2005Ex-executive chairman Steve Case resigns from Time Warner board2005Time Warner donated the maximum contribution of $250,000 to George W. Bush's second presidential inauguration2006Global publishing company Hachette Book Group USA (HBG) acquired the Time Warner Book Group from Time Warner2007New CEO Jeffrey Bewkes considers such cost-trimming measures as selling AOL and Time Inc2008Michael Lynne and Bob Shaye, o-chairmen and CEOs of New Line Cinema, resign from their positions, protesting Bewkes' alleged plans to dissolve the movie studio into Warner Bros. and thus cut costs
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