Media Giants - Aol Time Warner
in January 2001, the $165 billion mega-merger between AOL and Time Warner was the largest media merger in history. The new company promised to offer a powerhouse of integrated communication, media and entertainment across all platforms. But shares of the company fell off sharply in the two years following the merger. Heading into 2003, the company's stock is still down and the SEC and the U.S. Justice Department have opened inquiries into AOL's accounting practices prior to the 2001 merger. [Note: The following breakdown reflects interests and assets as of early 2001.]

Production/Distribution

Warner Brothers Studios

Castle Rock Entertainment

New Line Cinema

Fine Line Features

AOL

CompuServe

Netscape

AOL MovieFone

Digital City

MapQuest.com

Spinner.com

The Atlantic Group

Rhino Records

Elektra Entertainment Group

London-Sire Records Inc.

Warner Bros. Records

Warner Music International

Time Life Music

Columbia House (joint venture)

Giant (Revolution) Records (joint venture)

Maverick (joint venture)

Qwest Records (joint venture)

RuffNation Records (joint venture)

Sub Pop Records (joint venture)

Tommy Boy Records (joint venture)

Books

Time Life Books

Book-of-the-Month Club (managed by Bertelsmann)

Little, Brown & Co.

Bulfinch Press

Back Bay Books

Warner Books

Oxmoor House

Magazines

Time Magazine

Life Magazine

Fortune Magazine

Sports Illustrated

Money

People

Entertainment Weekly

In Style

Southern Living

Cooking Light

The Parent Group (Parenting, Baby Talk, Baby on the Way)

This Old House

The Health Publishing Group

Real Simple

Golf Magazine

Popular Science

Ski

Yachting Magazine

American Express Publishing Corporation (partial ownership; includes

Travel & Leisure, Food & Wine, Departures, SkyGuide)

DC Comics

·MAD Magazine

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