AOL Time Warner was a media and entertainment conglomerate that was formed in 2000 through the merger of America Online (AOL) and Time Warner. The merger was the largest of its kind at the time and created a company with a market capitalization of over $350 billion. The company was a leader in the media and entertainment industry, with a portfolio of some of the most recognizable brands in the world, including HBO, Warner Bros., CNN, and Time Inc.
AOL Time Warner was also a major player in the sports industry. It owned the Atlanta Braves, the Atlanta Hawks, and the Atlanta Thrashers, as well as the rights to the NBA, NHL, and Major League Baseball. The company also owned the rights to the Goodwill Games, the XFL, and the World Championship Wrestling. In addition, AOL Time Warner had a stake in the National Football League's Atlanta Falcons.
The company was also a major player in the cable television industry, owning several cable networks, including TNT, TBS, and Cartoon Network. It also had a stake in the satellite television provider DirecTV.
AOL Time Warner was a major force in the media and entertainment industry, and its influence in the sports industry was significant. The company was a leader in the cable television industry, and its ownership of several major sports franchises and rights to major sports leagues gave it a major presence in the sports world. The company's influence in the sports industry was felt until its dissolution in 2003.
🏢