Time Warner, Inc. was a merger between Warner Communications, Inc. and Time, Inc., formed in 1989. Under the company’s roster are the previously mentioned cable channels, as well as the Turner Broadcasting System, the CW Television Network, New Line Cinema, Cartoon Network, CNN, Castle Rock Entertainment, Warner Bros., DC Comics, and many more. Run by Jeffrey L. Bewkes, Chairman and CEO, along with several other prominent senior executives, Time Warner, Inc. is constantly developing innovations in technology, media and entertainment, seeking to maintain its top rank as the world’s leading provider of excellent digital products and entertainment ventures.
The company started out as Warner Communications in 1972, a spinoff of the Kinney National Company. Warner Bros. Pictures was Time Warner’s initial parent company, along with Warner Music. Over the years, Time Warner Inc. has undergone many drastic changes in its structure, leadership and growth, acquiring many big-name companies in entertainment, such as AOL, Hanna-Barbera and Comedy Central. The company’s influence as a media giant has been vast, reaching an audience of millions worldwide with the thousands of movies, television shows, radio programs, internet and publishing ventures over the past two decades. As such, Time Warner, Inc. has an estimated net income of 2.8 billion US dollars annually, and declared assets worth some 67.8 billion US dollars, with a total equity of 29.9 billion US dollars. As the entertainment sector shows no signs of slowing down, Time Warner, Inc. has only been getting bigger and brighter, proving its steadfastness amidst the changing times.