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Turner Broadcasting System, Inc.[2] was an American television and media conglomerate founded by Ted Turner in 1965. Based in Atlanta, Georgia, it merged with Time Warner (later WarnerMedia) on October 10, 1996. As of April 2022, all of its assets are now owned by Warner Bros. Discovery (WBD).
Oct 10, 1996 · Time Warner Inc. and Turner Broadcasting System Inc. officially closed their $7.5 billion merger Thursday after shareholders of both companies voted overwhelmingly to approve the deal.
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...
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...
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.
Purchased by Time Warner Entertainment on October 10, 1996, as part of its acquisition of Turner Broadcasting System (TBS), the company was largely responsible for overseeing the TBS library for worldwide distribution.
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Sep 23, 1995 · Ending a tumultuous five-week courtship, Time Warner Inc. and Turner Broadcasting System said yesterday that they would merge their sprawling operations, reinforcing Time Warner's...
