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Historic TW Inc. history
Historic TW Inc. company history timeline
Pay-TV revenues from HBO and programming continued to grow, increasing 7.6 percent in 1990.
A net loss of $99 million for the year marked an improvement from the $227 million in losses posted in 1990.
By October 1991 Time Warner had formed a strategic alliance at the subsidiary level with its first two partners, Toshiba Corporation and C. Itoh & Co.
Quantum, a 150-channel, interactive cable service, was launched in Queens, New York, in December of 1991.
In 1991, HBO and Cinemax became the first premium pay services to offer multiplexing to cable customers, with companion channels supplementing the main networks.
Time Warner purchased Six Flags Theme Parks chain in 1993.
In 1993 HBO became the world’s first digitally transmitted television service.
The merger agreement called for Nicholas to succeed Time Warner chairman and co-chief executive Steven Ross as the company's sole chief executive in mid-1994.
In 1995 CNN introduced CNN.com which later became a leading destination for global digital news, both online and mobile.
In 1996, Warner Bros. spearheaded the introduction of the DVD, which rapidly replaced VHS tapes as the standard for home video.
The company later sold all Six Flags parks and properties to Oklahoma based Premier Parks on April 1, 1998.
In 1999, HBO became the first national cable TV network to broadcast a high–definition version of its channel.
The deal, announced on January 10, 2000 and officially filed on February 11, 2000, employed a merger structure in which each original company merged into a newly created entity.
In 2000, AOL purchased Time Warner for US$164 billion.
The 2001 AOL merger was ‘the biggest mistake in corporate history’, believes Time Warner chief Jeff Bewkes.
However, under pressure from institutional investor vice president Gordon Crawford who lined up dissenters, Case announced 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.
On December 15, 2006, Warner Bros.
On November 8, 2007, Warner Bros.
On May 28, 2009, Time Warner announced that it would spin off AOL as a separate independent company, with the change occurring on December 9, 2009.
On August 26, 2010 Time Warner took full control of Chilevisión, a TV channel owned by Chile’s President Sebastián Piñera.
In May 2011, Warner Bros.
In October 2012, Warner Bros.
On March 6, 2013, Time Warner announced the divestment of Time Inc.
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