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In May 2006, Time Warner, which had owned 50% of Court TV since 1998, purchased the remaining 50% from Liberty Media and began running the channel as part of Turner Broadcasting. The channel was relaunched as TruTV on January 1, 2008.
Turner's stake in the company, once valued at $10.7 billion, had fallen to $1.4 billion. In October 2003, the company officially dropped AOL from its name, reverting back to Time Warner Inc. TBS entered a new chapter in its history without its founder at the helm.
Oct 10, 1996 · NEW YORK (CNNfn) -- Time Warner Inc. and Turner Broadcasting System Inc. officially closed their $7.5 billion merger Thursday after shareholders of both companies voted overwhelmingly to...
On September 22, 1995, Time Warner—a New York City-based media company formed in 1990 through the merger of Time Inc. and Warner Bros. corporate parent Warner Communications—reached an agreement to acquire the Turner Broadcasting System (TBS) and its associated properties (including TBS, TNT, Cartoon Network, CNN and CNN Headline News as ...
Oct 11, 1996 · NEW YORK — Shareholders overwhelmingly approved Time Warner Inc.’s $7.5-million acquisition of Turner Broadcasting System Inc. on Thursday in a deal that vaults Time Warner ahead of...
Sep 23, 1995 · Time Warner Inc. agreed yesterday to buy Turner Broadcasting System Inc. for about $7.5 billion in stock, creating the world's largest entertainment and media empire.
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Jul 17, 1996 · Last year, Time Warner agreed to acquire Turner -- parent company of CNN and several other cable TV networks -- in a stock-swap deal originally valued at $7.5 billion. However, critics have...
