WarnerMedia

Warner Media, LLC, doing business as WarnerMedia, is an American multinational mass media and entertainment conglomerate owned by AT&T and headquartered in New York City. It was originally formed in 1990 as Time Warner Inc., from the merger of Time Inc. and Warner Communications. The company has film, television, cable, and publishing operations, and currently consists largely of the assets of the former Warner Communications, HBO (a Time Inc. subsidiary until the merger), and Turner Broadcasting System (which it acquired in 1996). Its assets include Warner Bros., WarnerMedia Entertainment (consisting of the entertainment assets of Turner Broadcasting System & HBO, as well as WarnerMedia's soon-to-launch streaming service) and WarnerMedia News & Sports (consisting of the news & sports assets of the former Turner Broadcasting System, as well as AT&T SportsNet). On October 22, 2016, AT&T announced an offer to acquire Time Warner for $108.7 billion (including assumed Time Warner debt). The proposed merger was confirmed on June 12, 2018, after AT&T won an antitrust lawsuit that the U.S. Justice Department filed in 2017 to attempt to block the acquisition. The merger closed two days later, with the company becoming a subsidiary of AT&T.

Despite spinning off Time Inc. in 2014 (which was acquired by the Meredith Corporation in 2018), the company retained the Time Warner name until AT&T's acquisition in 2018. The company's previous assets included Time Inc. (now owned by Meredith Corporation), AOL (now owned by Verizon Media), Time Warner Cable (now owned by Charter Communications), Warner Books (now Hachette Book Group), and Warner Music Group (now owned by Access Industries); these operations were either sold to others or spun off as independent companies. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.