For my first college assignment I have been asked to learn about the structure and ownership of the media sector by assesing two media companies of my choice. The media companies i have chosen are Time Warner and Bauer media. I have done this by researching both the media companies and also using some of my knoledge whilst at the same time expanding it.
Time Warner Inc is a global leader in media and entertainment it has businesses in television networks, filmed entertainment and publishing, it uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide using multiple distribution outlets. They have approximately 32,000 worldwide employees and are also a media conglomerate company. Time Warner also operates in different major parts of the media therefore making them a cross-media company.
Time Warner started out as two separate media companies Warner Communication inc. and Time inc. that merged together in 1990. Along with the assets of a third company, Turner Broadcasting System Inc. Another merge took place in 2000 with AOL and time Warner; they became AOL time Warner this was created when AOL purchased time Warner for $164 billion it employed a merger structure in which each original company merged into a newly created entity. Due to the larger market capitalization of AOL, they would own 55% of the new company while Time Warner shareholders owned only 45%, so in actual practice AOL had acquired Time Warner, even though AOL had far less assets and revenues. According to AOL’s president this merge would make the slow moving time Warner take off at internet speed, however on May 28th 2009 Time Warner announced that it would spin off AOL as a separate independent company.
In the year 1972 Kinney National Company split off its none entertainment assets due to a financial scandal and reinvented themselves as Warner communications and During the 1970’s and 1980’s this became the parent company for Warner Bro’s pictures and Warner music group as well as owning DC comics and mad, also they had a majority stake in Garden state national bank.
During 1975 Time Warner expanded due to the guidance of Steve Ross and they joined with American express, which held cable channels including MTV which was launched in 1981, Nickelodeon launched in 1979 and the movie channel. Time Warner brought out American express themselves in 1984 and later sold this venture to Viacom who re- named it to MTV networks.
Commercial properties
Time Warner owns several large properties in New York City; certain buildings in the Rockefeller centre complex and many office towers one of which houses happens to be CNN news studio.
CNN
Cable news network is a US cable news network that was found by Ted Turner in 1980. CNN was the first ever channel to provide a 24 hour television news coverage and the first all news channel that the US had ever had. Time warner is the parent company of the CNN. To distinguish the american channel from its international counterpart CNN international the CNN is usually reffered to as CNN/U.S and as of augast 2010 CNN is available in over 100 million U.S households. This U.S broadcast is also shown in Canada.
A list of Time Warner's past names:
1971-1990 : Warner Communications
1990-2001, November 2002- now : Time Warner
1992-2001 : Time Warner Entertainment
2000- 2003: AOL time warner inc
In my opinion i do not believe that it is such a good idea for time warner to own so much, because it gives them the opportunity to just tell us what they want us to hear rather than the actual truth, so they can just give us their opinon and pass it off as a fact even though its not, and as we have no other information we know no better.
Bauer is the largest privatley owned publisher in Europe, it publishes in Germkany, France, Spain, Portugal and the UK. Worldwide circulation of Bauer Media Group's magazine titles amounts to 38 million magazines a week. This is a large German publishing company Bauer family formerly called Heinrich Bauer Verlag KG and it is mainly based in Hamburg; it operates in 15 countries worldwide. Sine Bauer media group was founded in 1875 by Jonathon Bauer and it has been privately-owned and under management by the Bauer family. Worldwide circulation of Bauer Media Group's magazine titles amounts to 38 million magazines a week.
They have 6,400 employees and their subsidiaries are Bauer radio and Box television.
Bauer has been managed by four generations of the Bauer family; it was originally a small printing house. The Bauer Publishing Group has grown into a worldwide publishing and media company. The Bauer Publishing Group comprises 282 magazines worldwide in 15 countries, as well as TV and radio stations. Bauer started in the UK and began in 1987 with the launch of Bella magazine and H Bauer publishing became Britain’s third largest publisher.
H Bauer publishing brands;
H bauer owns a number of puzzle magazine aswell as music and TV magazines.
Some of these are:
Bella
Bella sought to make an impact in the UK magazine market by mixing previously unseen real-life editorial with the classic elements more traditionally associated with women's magazines such as fashion and beauty, cookery and practical home features.
Take a break and that’s life!
Take a break tells real life stories and their target audience is Women, this magazine quickly became market leader with an ABC audited circulation of over one million sales. Up until 2005 there were only three women's magazines dedicated to delivering true life editorial, one of which was H Bauer's sister title, that's life! This was launched in 1995.
Kerrang! Specializes in rock music and since 2005 all of its programme content is music videos, the majority the majority of which is open scheduled, for text requests from their playlist. It is based on format of Kerrang! Brand from Bauer which also exists in Kerrang Radio and Kerrang! Magazine.
This started out as a music magazine that was published monthly in the UK.
The 1990's saw H. Bauer strengthen its portfolio with the launch of TVQuick in 1991, that's life! in 1995 and TVChoice in 1999. Together with sixteen successful puzzle titles within the stable, H. Bauer has always had a major presence in the UK magazine market with a considerable market share.
At the beginning of 2008, Bauer expanded its portfolio even further by acquiring Emap’s Radio and Consumer Magazine divisions and changed the name of these new UK businesses to Bauer Media.