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Time Warner Cable traces back to two cable entities owned by Time Inc. & Warner Communications respectively in the 1970s; American Television and Communications, which was established in 1962, and would be acquired by Time in 1977; and Warner Cable, established in 1973.
Dec 4, 2013 · In the late 1940s, entrepreneurs using simple antennas and Army-surplus coaxial cable created the country’s first cable television systems and revolutionized the way Americans watched TV.
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By the time Ross and Nicholas began their merger talks, Time Inc. was the third largest cable operator in the country, including its 23 percent stake in Turner Broadcasting System. Despite initiating talks in late 1987, the merger that created Time Warner was not completed until 1989, in part because Time Inc.’s executives delayed the merger until official investigations into the financial scandals of both WCI and Ross were cleared up. Ross shared CEO duties until early 1991 when Nicholas left the company. Ross died in December 1992, and Gerald (Jerry) Levin became CEO of Time Warner Inc.
Throughout the 1990s Time Warner expanded into new markets, including a Spanish-language version of People and a children’s edition of Time. The WB, a broadcast television network founded by Time Warner, first aired in January 1995. In 1996 the company acquired the outstanding shares of Turner Broadcasting System, which added not only cable television operations, such as CNN, TNT, and Cartoon Network, and the Warner Bros. film archive but the Atlanta Braves and Atlanta Hawks sports teams as well. In late 1999 Time Warner began merger talks with America Online, Inc. (AOL).
By the time Ross and Nicholas began their merger talks, Time Inc. was the third largest cable operator in the country, including its 23 percent stake in Turner Broadcasting System. Despite initiating talks in late 1987, the merger that created Time Warner was not completed until 1989, in part because Time Inc.’s executives delayed the merger until official investigations into the financial scandals of both WCI and Ross were cleared up. Ross shared CEO duties until early 1991 when Nicholas left the company. Ross died in December 1992, and Gerald (Jerry) Levin became CEO of Time Warner Inc.
Throughout the 1990s Time Warner expanded into new markets, including a Spanish-language version of People and a children’s edition of Time. The WB, a broadcast television network founded by Time Warner, first aired in January 1995. In 1996 the company acquired the outstanding shares of Turner Broadcasting System, which added not only cable television operations, such as CNN, TNT, and Cartoon Network, and the Warner Bros. film archive but the Atlanta Braves and Atlanta Hawks sports teams as well. In late 1999 Time Warner began merger talks with America Online, Inc. (AOL).
AOL’s roots start in 1982 when Control Video Corporation of Dulles, Virginia, initially offered online services to users of Apple II and Commodore 64 computers. In 1985 the company became Quantum Computer Services Inc. (QCS). America Online began as a special QCS service dedicated to users of the Apple Macintosh computer.
In 1991 QCS named Steve Case president, then its CEO. That year the company changed its name to America Online. It had 150,000 subscribers and $20 million in annual revenue. AOL became a public company in 1992. In 1993 the company rejected an informal $268 million acquisition offer from the Microsoft Corporation. In 1994 AOL launched an Internet division, and by the next year it was the leading Internet service provider. AOL surpassed 10 million subscribers in 1997 and the next year acquired CompuServe, its top competitor, along with its 2.6 million members. That year more messages were exchanged over AOL every day than were delivered by the U.S. Postal Service.
In January 2000 merger talks between Case and Levin were announced. Later that year AOL reached 27 million subscribers. The $106 billion merger between AOL and Time Warner did not get final shareholder and regulatory approval until January 2001. Case was named chairman of AOL Time Warner Inc., and Levin became CEO. That summer AOL’s membership cleared the 30 million mark.
In 2002 AOL Time Warner reported the largest quarterly loss ever for a U.S. company, $54.24 billion, following the collapse of the Internet stock market as investors pulled out of stocks with too much emphasis on Internet content or services. In 2003, under the direction of CEO Richard Parsons, the company changed its name back to Time Warner Inc. In 2009 it formally split with AOL, which became an independent company.
In 2016 it was announced that AT&T was acquiring Time Warner for some $85 billion. The deal, however, required federal regulatory review, and in 2017 the U.S. Department of Justice (DOJ) sued to block the sale, citing antitrust issues. The following year a judge approved the merger, and the deal was finalized shortly thereafter, though the DOJ appe...
In late 2009 after splitting off from Time Warner (now Warner Bros. Discovery), Time Warner Cable began reselling Clearwire mobile WiMAX service as Road Runner Mobile, bundled with the company's existing broadband, TV and VoIP services.
Jun 8, 2016 · On the capacity front, Time Warner Cable in 1991 took the earliest steps into bandwidth expansion beyond known upper boundaries -- at the time, 750 MHz -- when it stretched its Brooklyn-Queens infrastructure in New York City out to 1 GHz.
Time Warner Cable was an American cable and telecommunications company. The company served almost 30 states. It was the second-largest cable company behind Comcast. They offered Cable television and Internet services. Time Warner Cable was founded in 1973. It wasbought by Charter Communications in May 2016. [1]
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Charter Communications was founded in 1993 but its roots reach back to the pioneering days of cable in the late 1940s.
