Time Warner - TWX- Profile

Time Warner Inc. is a media and entertainment company operating in six business segments namely cable television programming, publishing, music, filmed entertainment, cable and digital media. The company has majority interests in filmed entertainment, television production, television broadcasting and cable television systems. The entertainment segment consists of interests in filmed entertainment, television production, television broadcasting, recorded music and music publishing. The cable networks consists of interests in cable television programming. The publishing segment consists of interests in magazine publishing, book publishing and direct marketing. The cable television segment consists of interests in cable television systems. In the year 2000, the company announced the merger with American Online, Inc. by forming a new holding company named AOL Time Warner Inc. During the year 1999, the company announced the formation of a venture capital fund, the Digital Media Fund to identify and invest in new internet related and digital media businesses. During the year 1999, the company joined hands with EMI Music and Sony Corporation for its business expansion. The company has international operations in the United Kingdom, Germany, Japan, Canada and France. Filmed entertainment accounted for 29% of 1999 revenues; cable network, 21%; cable, 19%; publishing, 16%; music, 14%; broadcasting, 1% and digital media, nominal.