1 Time Warner Ctr. | New York, New York | 10019-016 | USA
1 Time Warner Ctr. | New York, New York | 10019-016 | USA

TIME WARNER INC.

The beginnings of Time Warner Inc. date back to 1922, when Henry Luce and Briton Haden founded Time Inc. Also during that time, brothers Harry, Abe, Jack and Sam Werner established Warner Bros. Entertainment. Today, Time and Warner Bros., along with Home Box Office, Inc. and Turner Broadcasting System, Inc. combine to make Time Warner one of today’s a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing.
Time Warner previously owned AOL, Time Warner Cable and Warner Music Group, but these have all been spun off into independent companies. In March 2013, it was announced that Time Inc. would be spun off as well, completing Time Warner's evolution into a pure-play global entertainment company. The company's cable news channel, CNN, later clarified that the Time Inc. spin-off would happen at the end of 2013, though this has since been delayed to early 2014. It's now being reported that the planned spin-off of Time Inc from Time Warner will take place half-way through 2014 with the company's planned IPO being to happen in late 2014. Time Warner’s corporate strategy revolves around strategic mergers, acquisitions and corporate actions that result in creating cash considerations for the company. Thus, Time Warner is in a strong financial position today as they recorded revenues of $26,888 million in 2012 and $28,974 million in 2011 and net income of $3,016 million in 2012 and $2,882 in 2011.
As a result of their strong financial performance and as the third largest media conglomerate behind Walt Disney and News Corporation, Time Warner has many strengths and opportunities. Those include strong brand equity, diversified media operations and significant