October 12, 1996 |
A federal judge ordered the City of New York late Friday not to use its government access channels on the Time Warner cable system to broadcast either Bloomberg News Service or News Corp Ltd.'s Fox News. The ruling is the latest in a series of legal tangles over the proposed merger of Time Warner Inc. and Turner Broadcasting System Inc.
October 3, 1996 |
Executives were wearing coats and ties for a 4 a.m. meeting Wednesday at the Manhattan headquarters of the Fox News Channel, the new 24-hour cable network. The session, which was followed by a run-through simulating the network's first day on the air, was called by Fox News Chairman Roger Ailes to impress upon staffers that they have less than a week before the "on" switch is thrown for real.
January 11, 2000 |
The combination of America Online and Times Warner would reshape the media and technology jungle. Many would benefit but many would also suffer from those changes. Winners * Yahoo: Yahoo, as much as AOL, has become a signature brand name on the Internet, which makes it an attractive partner for old media. And who else has the market capitalization to buy a major media conglomerate? * Big Content: Walt Disney, News Corp.
January 7, 1998 |
Time Warner Inc. and PolyGram will jointly finance and distribute films made by Time Warner's Castle Rock Entertainment, allowing the media company to cut costs in its struggling film business. Financial terms were not disclosed. PolyGram is not buying a stake in Castle Rock, which will remain a wholly owned unit of Time Warner, officials at the two companies said.
May 4, 1993
The New York-based media and entertainment giant, burdened by heavy debt since its 1990 merger, became profitable by the end of 1992. Time Warner has whittled its debt to about $15.5 billion from a high of $17 billion. While it ended 1992 in the red, it increased its per-share earnings 60.8% over 1991. Chairman Gerald M. Levin, named to succeed the late Steven J. Ross, said that Time Warner intends to turn its non-performing assets into performing ones.
August 24, 1989 |
In the first major consolidation since the $14-billion merger of Time Inc. and Warner Communications Inc., Time Warner Inc. said today it is forming a unit comprising Little, Brown and Co. and Warner Books. Annual publishing revenues for the combined entity, to be called Time Warner Trade Publishing and operated by Time Inc. Book Co., should exceed $160 million, the company said. Both houses are to continue publishing with separate imprints.