Editing WarnerMedia (section)

=== Time Warner (2003–2018) ===
{{Redirect-distinguish-for|Time Warner|Timo Werner|the former US cable television operator separated from Time Warner in 2009|Time Warner Cable}}
[[File:Time Warner wordmark.svg|thumb|right|Logo for Time Warner (2003–2018)]]
AOL Time Warner Chairman Steve Case took on added prominence as the co-head of a new strategy committee of the board, making speeches to divisions on synergism and the promise of the Internet. However, under pressure from institutional investor vice-president Gordon Crawford who lined up dissenters, Case stated in January 2003 that he would not stand for re-election as executive chairman in the upcoming annual meeting, making CEO Richard Parsons the chairman-elect. In July 2003,<ref>{{cite web |url=https://www.cbsnews.com/news/time-warner-drops-aol-name/ |title=Time Warner Drops AOL Name |last=Roberts |first=Joel |date=October 22, 2003 |work=CBS News |access-date=February 12, 2020 |archive-date=April 28, 2020 |archive-url=https://web.archive.org/web/20200428220823/https://www.cbsnews.com/news/time-warner-drops-aol-name/ |url-status=live }}</ref> the company dropped the "AOL" from its name, and spun off [[Time-Life]]'s ownership under the legal name Direct Holdings Americas, Inc.<ref>{{cite news |title=Time Life Unit Sold to Private Investing Group |newspaper=[[The Washington Post]] |archive-url=https://web.archive.org/web/20230326023851/https://www.washingtonpost.com/archive/business/2004/01/06/time-life-unit-sold-to-private-investing-group/e3a4212f-d1d7-40b8-a31c-402c0858e068/ |archive-date=2023-03-26 |url-status=live |url=https://www.washingtonpost.com/archive/business/2004/01/06/time-life-unit-sold-to-private-investing-group/e3a4212f-d1d7-40b8-a31c-402c0858e068/}}</ref> On November 24, 2003, Time Warner announced they would sell the [[Warner Music Group]], which hosted a variety of acts such as [[Madonna (entertainer)|Madonna]] and [[Prince (musician)|Prince]], to an investor group led by [[Edgar Bronfman Jr.]] and [[Thomas H. Lee Partners]], in order to cut its debt down to US $20 billion.<ref>{{cite news |url=https://money.cnn.com/2003/11/24/news/companies/warner_music/index.htm |work=CNN Money |title=Warner Music to be sold for $2.6B |access-date=March 17, 2020 |date=November 24, 2003 |archive-date=October 26, 2020 |archive-url=https://web.archive.org/web/20201026202157/https://money.cnn.com/2003/11/24/news/companies/warner_music/index.htm |url-status=live }}</ref> Case resigned from the Time Warner board on October 31, 2005.<ref name="ajbianco.com" /><ref>{{cite news |url=https://edition.cnn.com/2005/BUSINESS/10/31/stevde.case.aol/ |work=CNN |title=CNN.com – Steve Case quits Time Warner board – Oct 31, 2005 |access-date=May 25, 2010 |archive-date=August 25, 2010 |archive-url=https://web.archive.org/web/20100825020500/http://edition.cnn.com/2005/BUSINESS/10/31/stevde.case.aol/ |url-status=live }}</ref> [[Jeff Bewkes]], who eventually became CEO of Time Warner in 2008, described the 2001 merger with AOL as 'the biggest mistake in corporate history'.<ref>{{cite news |last=Barnett & Andrews |first=Emma & Amanda |title=AOL merger was 'the biggest mistake in corporate history', believes Time Warner chief Jeff Bewkes |url=https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8031227/AOL-merger-was-the-biggest-mistake-in-corporate-history-believes-Time-Warner-chief-Jeff-Bewkes.html |archive-url=https://ghostarchive.org/archive/20220110/https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8031227/AOL-merger-was-the-biggest-mistake-in-corporate-history-believes-Time-Warner-chief-Jeff-Bewkes.html |archive-date=January 10, 2022 |url-access=subscription |url-status=live |publisher=Telegraph Media Group Limited |access-date=February 26, 2013 |location=London |date=September 28, 2010}}{{cbignore}}</ref>

In 2005, Time Warner was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President [[George W. Bush]].<ref>{{cite news |first=Jim |last=Drinkard |title=Donors get good seats, great access this week |url=https://www.usatoday.com/news/washington/2005-01-16-inauguration-donors_x.htm |newspaper=USA Today |publisher=Gannett Company |date=January 17, 2005 |access-date=May 25, 2008 |archive-date=June 28, 2012 |archive-url=https://web.archive.org/web/20120628235354/http://www.usatoday.com/news/washington/2005-01-16-inauguration-donors_x.htm |url-status=live }}</ref><ref>{{cite news |title=Financing the inauguration |url=https://www.usatoday.com/news/washington/2005-01-16-inaugural-donors_x.htm |newspaper=USA Today |publisher=Gannett Company |date=January 16, 2005 |access-date=May 25, 2008 |archive-date=June 28, 2012 |archive-url=https://web.archive.org/web/20120628235320/http://www.usatoday.com/news/washington/2005-01-16-inaugural-donors_x.htm |url-status=live }}</ref><ref>{{cite news |title=Some question inaugural's multi-million price tag |url=https://www.usatoday.com/news/washington/2005-01-14-price_x.htm |newspaper=USA Today |publisher=Gannett Company |date=January 14, 2005 |access-date=May 25, 2008 |archive-date=June 28, 2012 |archive-url=https://web.archive.org/web/20120628235330/http://www.usatoday.com/news/washington/2005-01-14-price_x.htm |url-status=live }}</ref> On December 27, 2007, newly installed Time Warner CEO Jeffrey Bewkes discussed possible plans to spin off [[Time Warner Cable]] and sell off AOL and Time Inc. This would leave a smaller company made up of Turner Broadcasting, Warner Bros. and HBO.<ref>{{cite web |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=ata7DiR37G8I |archive-url=https://web.archive.org/web/20120221071715/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ata7DiR37G8I |url-status=dead |archive-date=February 21, 2012 |title=Time Warner May End Reign as Largest Media Company (Update2) |work=bloomberg.com}}</ref> On February 28, 2008, co-chairmen and co-CEOs of New Line Cinema Bob Shaye and Michael Lynne resigned from the 40-year-old movie studio in response to Jeffrey Bewkes' demand for cost-cutting measures at the studio, which he intended to dissolve into Warner Bros.<ref>{{Cite web|last=Waxman|first=Sharon|date=February 28, 2008|title=RIP Bob Shaye and Michael Lynne|url=https://www.thewrap.com/rip-bob-shaye-and-michael-lynne-688/|access-date=September 10, 2020|website=TheWrap|language=en-US|archive-date=October 2, 2020|archive-url=https://web.archive.org/web/20201002060321/https://www.thewrap.com/rip-bob-shaye-and-michael-lynne-688/|url-status=live}}</ref>

In 2009, Time Warner spun out its Time Warner Cable division (it is now part of Charter Communications),<ref>{{cite news |url=http://dealbook.blogs.nytimes.com/2009/02/27/time-warner-cable-spin-off-to-finish-next-month/ |title=Time Warner Cable Spinoff to Finish Next Month |access-date=May 25, 2010 |newspaper=The New York Times |date=February 27, 2009 |archive-date=November 7, 2010 |archive-url=https://web.archive.org/web/20101107094920/http://dealbook.blogs.nytimes.com/2009/02/27/time-warner-cable-spin-off-to-finish-next-month/ |url-status=live }}</ref> and later AOL, as independent companies; AOL was later purchased by Verizon in 2015.<ref>{{cite web |url=https://money.cnn.com/2009/05/28/technology/timewarner_aol/ |title=Time Warner to split off AOL |first=Aaron |last=Smith |website=Money.cnn.com |access-date=November 9, 2017 |archive-date=November 9, 2017 |archive-url=https://web.archive.org/web/20171109134912/http://money.cnn.com/2009/05/28/technology/timewarner_aol/ |url-status=live }}</ref>

In the first quarter of 2010, Time Warner purchased additional interests in HBO Latin America Group for $217 million, which resulted HBO owning 80% of the equity interests of HBO LAG. In 2010, HBO purchased the remainder of its partners' interests in HBO Europe<ref>{{cite web |url=https://www.hbo-europe.com/ |title=HBO Europe |publisher=HBO Europe |access-date=June 25, 2013 |archive-date=September 20, 2021 |archive-url=https://web.archive.org/web/20210920060417/https://www.hbo-europe.com/ |url-status=live }}</ref> (formerly HBO Central Europe) for $136 million, net of cash acquired. In August 2010, Time Warner agreed to acquire Shed Media, a television production company, for £100 million. Its distribution operation, Outright Distribution, was folded into Warner Bros. International Television Production.<ref>{{cite news |url=https://www.theguardian.com/media/2010/aug/05/independent-production-companies-television |title=Time Warner buys Shed Media |last=Busfield |first=Steve |newspaper=the Guardian |date=August 5, 2010 |access-date=December 17, 2016 |archive-date=March 5, 2017 |archive-url=https://web.archive.org/web/20170305005938/https://www.theguardian.com/media/2010/aug/05/independent-production-companies-television |url-status=live }}</ref> On August 26, 2010, Time Warner acquired [[Chilevisión]].<ref>{{cite web |url=https://www.warnermediagroup.com/newsroom/press-releases/2010/08/Turner_Broadcasting_System_Inc_to_Acquire_Chilevisin_08-25-2010.php |title=Press Releases |work=Time Warner |access-date=July 25, 2020 |archive-date=November 6, 2018 |archive-url=https://web.archive.org/web/20181106181351/https://www.warnermediagroup.com/newsroom/press-releases/2010/08/Turner_Broadcasting_System_Inc_to_Acquire_Chilevisin_08-25-2010.php |url-status=dead }}</ref> WarnerMedia already operated in the country with [[CNN Chile]].<ref>{{cite news |url=https://www.reuters.com/article/us-chile-chilevision-timewarner-idUSTRE67O37R20100825 |title=Time Warner buys broadcaster Chilevision |newspaper=Reuters |date=August 25, 2010 |access-date=July 2, 2017 |archive-date=September 24, 2015 |archive-url=https://web.archive.org/web/20150924145839/http://www.reuters.com/article/2010/08/25/us-chile-chilevision-timewarner-idUSTRE67O37R20100825 |url-status=live }}</ref>

In May 2011, Warner Bros. Home Entertainment Group acquired [[Flixster]],<ref>{{cite web |url=https://www.warnermediagroup.com/newsroom/press-releases/2011/05/Warner_Bros_Home_Entertainment_Group_to_Acquire_Flixster_05-04-2011.php, |title=Press Releases |work=Time Warner |access-date=2020-07-25 |archive-date=2018-11-06 |archive-url=https://web.archive.org/web/20181106194617/https://www.warnermediagroup.com/newsroom/press-releases/2011/05/Warner_Bros_Home_Entertainment_Group_to_Acquire_Flixster_05-04-2011.php%2C |url-status=live }}</ref> a movie discovery application company. The acquisition also includes [[Rotten Tomatoes]], a movie review aggregator.<ref>{{Cite web |last=Knegt |first=Peter |date=2011-05-04 |title=Warner Brothers Buys Flixster, Rotten Tomatoes |url=https://www.indiewire.com/2011/05/warner-brothers-buys-flixster-rotten-tomatoes-54298/ |access-date=2022-05-05 |website=IndieWire |language=en |archive-date=2022-05-05 |archive-url=https://web.archive.org/web/20220505165518/https://www.indiewire.com/2011/05/warner-brothers-buys-flixster-rotten-tomatoes-54298/ |url-status=live }}</ref>

In June 2012, Time Warner acquired [[Alloy Entertainment]], a publisher and television studio whose works are aimed at teen girls and young women.<ref>{{cite web |url=https://www.hollywoodreporter.com/news/warner-bros-tv-group-alloy-entertainment-335850 |title=Warner Bros. TV Group Acquires 'Gossip Girl' Producer Alloy Entertainment |last=Goldberg |first=Lesley |work=The Hollywood Reporter |date=June 11, 2012 |publisher=Eldridge Industries |access-date=February 18, 2020 |archive-date=February 28, 2020 |archive-url=https://web.archive.org/web/20200228231721/https://www.hollywoodreporter.com/news/warner-bros-tv-group-alloy-entertainment-335850 |url-status=live }}</ref> On August 6, 2012, Time Warner acquired [[Bleacher Report]], a sports news website. The property was placed under the control of the [[Turner Sports]] division.<ref>{{cite web |url=https://techcrunch.com/2012/08/06/time-warnerbleacher-report-deal-gets-ftc-nod-price-reportedly-under-200/ |title=Update: It's Done. Time Warner Buys Bleacher Report, Price Reportedly $175M |website=TechCrunch |publisher=Oath Inc. |date=May 23, 2011 |access-date=July 17, 2012 |archive-date=September 3, 2019 |archive-url=https://web.archive.org/web/20190903052937/https://techcrunch.com/2012/08/06/time-warnerbleacher-report-deal-gets-ftc-nod-price-reportedly-under-200/ |url-status=live }}</ref>

On March 6, 2013, Time Warner intended to spin off its publishing division Time Inc. as a separate, publicly traded company. The transaction was completed on June 6, 2014.<ref>{{cite web |url=https://mediadecoder.blogs.nytimes.com/2013/03/06/fate-of-four-time-inc-magazines-are-an-issue-in-talks-with-meredith/?mtrref=en.wikipedia.org&gwh=39C20D4A61B9109C3E09C9B45075F504&gwt=pay&assetType=REGIWALL |title=Time Warner Ends Talks With Meredith and Will Spin Off Time Inc. Into Separate Company |first=Amy |last=Chozick |website=Mediadecoder.blogs.nytimes.com |date=March 6, 2013 |access-date=July 25, 2020 |archive-date=July 25, 2020 |archive-url=https://web.archive.org/web/20200725082042/https://mediadecoder.blogs.nytimes.com/2013/03/06/fate-of-four-time-inc-magazines-are-an-issue-in-talks-with-meredith/?mtrref=en.wikipedia.org&gwh=39C20D4A61B9109C3E09C9B45075F504&gwt=pay&assetType=REGIWALL |url-status=live }}</ref><ref>{{cite web |url=https://deadline.com/2014/06/time-inc-and-time-warner-shares-slip-as-magazine-company-goes-public-786682/ |title=Time Inc Shares Slip As Magazine Company Goes Public |last=Lieberman |first=David |website=Deadline Hollywood |publisher=Penske Media Corporation |date=June 9, 2014 |access-date=October 20, 2016 |archive-date=July 14, 2014 |archive-url=https://web.archive.org/web/20140714213718/http://www.deadline.com/2014/06/time-inc-and-time-warner-shares-slip-as-magazine-company-goes-public/ |url-status=live }}</ref>

In January 2014, Time Warner, [[Related Companies]], and [[Oxford Properties Group]] announced that the then Time Warner intended to relocate the company's corporate headquarters and its New York City-based employees to [[30 Hudson Yards]] in the [[Hudson Yards Redevelopment Project|Hudson Yards neighborhood]] in [[Chelsea, Manhattan]], and has accordingly made an initial financial commitment.<ref>{{cite web |url=https://www.warnermediagroup.com/newsroom/press-releases/2014/01/16/time-warner-inc-announces-new-york-real-estate-development-plans |title=Time Warner Press Releases |publisher=Time Warner |date=January 16, 2014 |access-date=July 31, 2014 |archive-date=November 16, 2018 |archive-url=https://web.archive.org/web/20181116055208/https://www.warnermediagroup.com/newsroom/press-releases/2014/01/16/time-warner-inc-announces-new-york-real-estate-development-plans |url-status=live }}</ref> Time Warner sold its stake in the [[Columbus Circle]] building for $1.3 billion to Related and two wealth funds. The move would be completed in 2019.<ref>{{Cite news|url=https://www.nytimes.com/2014/01/17/nyregion/time-warner-announces-a-move-from-columbus-circle-to-hudson-yards.html|title=Time Warner Is Planning a Move to Hudson Yards|last=Bagli|first=Charles V.|date=January 16, 2014|work=The New York Times|access-date=March 18, 2019|language=en-US|issn=0362-4331|archive-date=September 17, 2020|archive-url=https://web.archive.org/web/20200917201123/https://www.nytimes.com/2014/01/17/nyregion/time-warner-announces-a-move-from-columbus-circle-to-hudson-yards.html|url-status=live}}</ref>

In June 2014, [[Rupert Murdoch]] made a bid for Time Warner at $85 per share in stock and cash ($80 billion total) which Time Warner's board of directors turned down in July. Time Warner's CNN unit would have been sold to ease antitrust issues of the purchase.<ref>{{Cite web|url=https://dealbook.nytimes.com/2014/07/16/rupert-murdoch-said-to-have-made-offer-for-time-warner/|title=Murdoch Puts Time Warner on His Wish List|last=Sorkin|first=Andrew Ross|last2=de la Merced|first2=Michael J.|date=July 17, 2014|website=DealBook|language=en|access-date=March 18, 2019|archive-date=February 24, 2019|archive-url=https://web.archive.org/web/20190224193131/https://dealbook.nytimes.com/2014/07/16/rupert-murdoch-said-to-have-made-offer-for-time-warner/|url-status=live}}</ref> On August 5, 2014, Murdoch withdrew his offer to purchase Time Warner.<ref>{{cite web |last=Lieberman |first=David |title=RUPE'S REVERSAL: Fox Withdraws Time Warner Bid, Will Spend $6B To Repurchase Shares |url=https://deadline.com/2014/08/fox-withdraws-time-warner-bid-will-spend-6b-to-repurchase-shares-814797/ |website=Deadline Hollywood |publisher=Penske Media Corporation |access-date=March 23, 2021 |date=August 5, 2014 |archive-date=April 24, 2021 |archive-url=https://web.archive.org/web/20210424031530/https://deadline.com/2014/08/fox-withdraws-time-warner-bid-will-spend-6b-to-repurchase-shares-814797/ |url-status=live }}</ref>