Time Warner, Inc.
| New York Stock Exchange: TWX
Time Warner, Inc. is a media and entertainment company. The company classifies its businesses into three reporting segments: Networks, Filmed Entertainment and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc. Turner operates domestic and international networks, including such recognized brands as TNT, TBS, truTV, CNN and Cartoon Network, which are major advertising-supported television networks. Turner networks generate revenues principally from providing programming to affiliates that have contracted to receive and distribute this programming and from the sale of advertising. It also operates various websites, including CartoonNetwork.com, CNN.com, NASCAR.com and NCAA.com that generate revenues principally from the sale of advertising. Home Box Office operates the HBO and Cinemax multi-channel premium pay television services. Home Box Office generates revenues principally from providing programming to affiliates that have contracted to receive and distribute such programming to its customers who choose to subscribe to the HBO or Cinemax services. The Filmed Entertainment segment consists of businesses managed by the Warner Bros, which principally produces and distributes theatrical motion pictures as well as television shows and videogames. This segment's theatrical product revenues are generated principally through rentals from theatrical exhibition of films and subsequently through licensing fees received for the distribution of films on television networks and pay television programming services. This segment also generates revenues for both its theatrical and television product through home video distribution on DVD and Blu-ray Discs and in various digital formats. In addition, the company also generates revenues through the development and distribution of videogames. The Publishing segment consists principally of Time, Inc.'s magazine publishing and related websites, book publishing, marketing services and other marketing businesses. This segment generates revenues primarily from the sale of advertising, magazine subscriptions and newsstand sales. Time Warner was founded on January 10, 1990 and is headquartered in New York, NY.