Company: Time Warner Inc.

Founders: Merger between Time Inc. and Warner Communications in 1990; then purchased by AOL in 2000.

Industry: Entertainment/Media; Broadcasting, Telecommunications, Internet, and Publishing

History:

Time Warner Inc. is the second largest media and entertainment conglomerate, following News Corporation. The New York City-based company has operations that include filmed entertainment, television networks, cable system, publishing, and online content and services.

Time Warner was formed when Time Inc. and Warner Communications fused in 1990. It was then purchased by America Online, Inc. in 2000. Its history dates back to 1972 when Kinney National Company established Warner Communications, which owned Warner Music Group, Warner Bros. Pictures, DC Comics, Mad, and Atari from 1976 to 1984. In the 70s, Warner formed a company with American Express and they named it Warner-Amex Satellite Entertainment. In 1987, Warner purchased American Express’ half and sold it to Viacom the next year, renaming it MTV Networks. In 1990, Time, Inc. and Warner Communications merged to form Time Warner and the company purchased Turner Broadcasting System in 1996.

In 2000, AOL purchased Time Warner, renaming the company to AOL Time Warner but eventually changing its name again to Time Warner.

Today, the company ranks 49 in the 2008 Forbes 500 List of Largest Corporations in America with $50.48 billion worth of revenue. Its six major enterprises are:

1. Warner Bros. Entertainment, featuring film, TV, digital distribution, comic books, animation, video games, international cinemas, and home entertainment production. Its brands include Warner Bros. Pictures, New line Cinema, and DC Comics;

2. Time Warner Cable, providing voice, data, and video services, with brands that include Road Runner and Digital Phone services;

3. Home Box Office, that provides 24-hour pay television services including HBO and Cinemax;

4. AOL, which provides Web brands, products, and services;

5. Turner Broadcasting System, with businesses including CNN, Cartoon Network, and NASCAR; and

6. Time Inc. the leading magazine publisher with around 125 titles such as Time, Fortune, and People.

Leadership:

Senior Corporate Executives:

· Richard D. Parsons, Chairman of the Board

· Jeffrey L. Bewkes, President and CEO

· Edward I. Adler, Executive Vice President, Corporate Communications

· Paul T. Cappuccio, Executive Vice President & General Counsel

· Patricia Fili-Krushel, Executive Vice President, Administration

· John K.Martin, Executive Vice President & Chief Financial Officer

· Carol A. Melton, Executive Vice President, Global Public Policy

· Olaf Olafsson, Executive Vice President

Board of Directors

· Richard D. Parsons

· James L. Barksdale

· Jeffrey L. Bewkes

· Stephen L. Bollenbach

· Frank J. Caufield

· Robert C. Clark

· Mathias Döpfner

· Jessica Einborn

· Reuben Mark

· Michael A. Miles

· Kenneth J. Novack

· Francis T. Vincent, Jr.

· Deborah C. Wright

Stephen Ross’ widow Courtney Ross is the founder of the Ross School. Courtney Sale Ross was interviewed by Charlie Rose about the Ross School. Courtney Ross’ school utilizes the Ross Institute founded by Stephen Ross. View other philanthropy funded by Stephen Ross and Courtney Sale Ross.