Wednesday, April 11, 2012

A Look at Time Warner

Time Warner Inc. [TWX] is once again a separate media company, "a global leader in media and entertainment with businesses in television networks, filmed entertainment, publishing and interactive services". In 2009, AOL and TWX split up after a horrible merger. AOL has purchased a number of online media properties including HuffingtonPost, TechCrunch, Engadget, Moviephone, Stylist, TUAW and (local news). AOL just sold 800 patents to Microsoft for $1B.

TWX "owns New Line Cinema, Time Inc., HBO, Turner Broadcasting System, The CW Television Network,, Warner Bros., Kids' WB, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros. Animation, Cartoon Network Studios and Castle Rock Entertainment. The company used to also have telecommunications assets through Time Warner Cable and AOL, but in 2009, they were spun off from Time Warner into independent companies." [wikipedia]

TWC is now a separate company that just runs an MSO. TWC operates in 28 states and has 31 operating divisions, according to wikipedia. TWC licenses the Road Runner brand from its former parent company, TWX. TWC has made acquisitions, including cable assets of both Adelphia (remember those criminal owners?) and Insight. "On August 13, 2011, Time Warner Cable announced its purchase of Insight Communications for $3 billion acquiring Insight's 700,000 subscribers nationwide." TWC also bought Navisite - data center and hosting company - for $230M in 2011.

In Tampa and Orlando, former TWC franchises reverted back to Bright House Networks, owned by Advance/Newhouse, who also owns the Biz Journals. Read the history at wikipedia.

TWCable has NOTHING to do with tw Telecom (TWTC).

"tw telecom was originally founded as Time Warner Communications in 1993 as a joint venture between U S West and Time Warner Cable. Time Warner Telecom rapidly evolved into a business provider specializing in fiber-based last mile solutions." "In 1998, tw telecom—then known as Time Warner Communications—was formed into its own entity, and in May 1999, issued an initial public offering (IPO)." In 2006, TWTC acquired Xspedius Communications for $531M. Today, TWTC operates in 75 markets nationwide, with more than 27,000 route miles of fiber and more than 10,000 LIT buildings. The company has two NOCs in Denver and O'Fallon, Mo. On July 1, 2008, the company officially changed its name to tw telecom. TWTC is a focused business CLEC that specializes in Ethernet access and is run by a woman, Larissa L. Herda, who is Chairman, CEO and President. TWTC does about $1.3B in revenue annually. It has about $1.7B in debt. Fun fact: 90% of TWTC shares are held by Institutional & Mutual Fund Owners. The C-Suite only owns 1%.

There was a time when folks thought that TWC and TWTC shared assets, including network. Not the case. Two entirely separate networks, NOC's, and companies. That said, I can quote and provision circuits for TWC and TWTC for you. Just drop me an email or call the office (813) 963-5884.

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