WarnerMedia

Warner Media, LLC (formerly Time Warner Inc.), doing business as WarnerMedia, is an American multinational mass media and entertainment conglomerate owned by AT&T and headquartered in New York City. The company has film, television, cable networks, and publishing operations.

The company was formed in 1990 as Time Warner, from the merger of Time Inc. and Warner Communications. The current company consists largely of the assets of the former Warner Communications, HBO (a Time Inc. subsidiary until the merger), and the company's acquisition Turner Broadcasting's assets in 1996. Its assets include HBO, Turner, The CW, Warner Bros., CNN, DC Comics, Otter Media, and a 10% stake in Hulu.

Despite spinning off Time Inc. in 2014 (which Meredith Corporation later acquired), the company retained the Time Warner name until AT&T's acquisition in 2018. Before the spinoff, the company's assets also included Time Inc., AOL, Time Warner Cable, Warner Books, and Warner Music Group; these operations were either sold to others or spun off as independent companies.

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 wholly owned subsidiary of AT&T.