WarnerMedia

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Warner Media, LLC. was an American multinational entertainment and media conglomerate headquartered at 30 Hudson Yards in Manhattan, New York City. After being acquired by AT&T in June 2018, WarnerMedia was reorganized as a privately-owned subsidiary. The corporate predecessors to WarnerMedia are Time Inc. and Warner Communications Inc. (WCI) By the late 1960s, both companies began repositioning themselves as major players in cable television and mass media through multiple acquisitions. In 1990, both companies merged to form Time Warner, which was the world's largest media conglomerate for 18 years. Time Warner expanded by forming Time Warner Cable in 1992 and acquiring Turner Broadcasting System in 1996. Its 2001 merger with AOL, which formed AOL Time Warner, became one of worst business deals in corporate history, which led the company to revert its name to Time Warner in 2003. Heavy losses from within AOL led Time Warner to pursue a years-long divestment strategy that culminated...

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