Warner is a media conglomerate, owning such brands as HBO, Turner Broadcasting, Time Inc., DC Comics, Castle ock Entertainment, New Line Cinema, Warner Bros and a host of cable television properties. The company has spun off subsidiaries like Time Warner Cable and AOL in order to focus on its media properties. Time Warner has a differentiated strategy, one that relies on building a complementary base of content. This allows Time Warner to have substantial bargaining power over cable providers, and over the content providers in the movie business as well (i.e. movie theaters, Netflix, etc.).
Time Warner has used merger, acquisition and divestiture as focal points of its strategy execution. The differentiation strategy is highlighted, however, in a discussion about HBO and the Sopranos, and how Time Warner has been able to successful differentiate its cable offerings in order to entice buyers at the consumer level. There is a brand…...
mlaReferences
Barnett, E. & Andrews, A. (2010). AOL merger was "the biggest mistake in corporate history." The Telegraph. Retrieved May 17, 2014 from http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8031227/AOL-merger-was-the-biggest-mistake-in-corporate-history-believes-Time-Warner-chief-Jeff-Bewkes.html
Deephouse, D. (2000). Media reputation as a strategic resource: An integration of mass communication and resource-based theories. Journal of Management. Vol. 26 (6) 1091-1112.
Erramilli, M. & Rao, C. (2000). Choice of foreign market entry modes by service firms: Role of market knowledge. Management International Review. Vol. 30 (2) 135-150.
Jaramillo, D. (2002). The family racket: AOL Time Warner, HBO, The Sopranos and the construction of a quality brand. Journal of Communication Inquiry. Vol. 26 (1) 59-75.
arner and Comcast Merger
In the last several years, cable companies have been experiencing tremendous amounts of consolidation. This is because new competitors are entering the marketplace and they will often use bundling to sell a variety of services such as: telephone, Internet and HD TV. Comcast has been aggressively acquiring assets to improve their competitive position. (Standard and Poor's)
Recently, the proposed merger with Time arner is supposed to enable them to consolidate market share and become more competitive. (Baker) To fully understand why Comcast has been taking this kind of approach, requires looking carefully at the deal itself. This will be accomplished by examining the firm's intentions and past transactions. Together, these elements will highlight the basic strategy Comcast is utilizing to adjust with changes inside the marketplace. (Standard and Poor's)
The authors of The Cure of the Mogul write: Mergers and acquisitions (M&A) do not create value. Is this…...
mlaWorks Cited
"Cable Giant becomes Bigger." New York Times, 2014. Web. 2 Mar. 2014.
Baker, Liana. "Comcast Take Over of Time Warner. " Reuters, 2014. Web. 28 Feb. 2014
Klein, Alec. Stealing Time. New York: Simon and Schuster, 2004. Print.
Knee, Jonathan. The Curse of the Mogul. New York: Penguin, 2009, Print.
This happened even though AOL was only the size of one small Time Warner division and only had experience managing a centralized, younger company. Different management approached caused friction among top management.
AOL management filled the majority of top management positions and critics charge that they were insensitive to the Time Warner culture. AOL President ob Pittman became the merged company's co-chief operating officer, in charge of more than half the combined outfit's operations. In the merged company, Pittman served alongside COO Richard Parsons, the former president of Time Warner. ut Pittman took the lion's share of responsibility, overseeing cable, Time Inc., HO, Turner roadcasting, the W Network, and AOL. Parsons got New Line Cinema and Warner ros. movies, Warner Music, and trade publishing. Parsons and Pittman reported to Gerald Levin, former chairman and chief executive at Time Warner and AOL's Steve Case. Time Warner General Counsel Christopher ogart lost…...
mlaBibliography
Combine and Conquer." Darwin Magazine Oct. 2001 http://www.darwinmag.com/read/100101/combine.html .
Houston, Frank. "AOL/TW Spells Big." Columbia Journalism Review 01 Jul 2001. http://archives.cjr.org/year/01/4/houston.asp.
Johnson, Tom. "That's AOL Folks." CNN and Money Magazine. 2000, Jan. 10. http://money.cnn.com/2000/01/10/deals/aol_warner/ .
Kuczynski, Alex. "Time Inc. Staff Adjusts Warily to Life Within AOL." New York Times 23 Apr. 2001. http://www.nytimes.com/2001/04/23/business/23TIME.html?ex=1102395600&en=24969f0fa3719a69&ei=5070&oref=regi .
Mergers and AcquisitionsAmerica Online and Time Warner1. The DealThis text concerns itself with the merger between America Online (AOL) and Time Warner. As indicated, this was a merger. As Berk, DeMarzo, and Harfod (2022) point out, there are various kinds of mergers. The merger between America Online and Time Warner was a conglomerate merger. According to Berk, DeMarzo, and Harfod (2022), this type of merger takes place when the acquirer and target operate in different industries. Whereas America Online was in the internet services industry, Time Warner operated in the broadcasting and cable industry. The Federal Communications Commission FCC (2018) points out that in this particular deal, both AOL and Time Warner would become wholly owned subsidiaries of a newly formed holding company, AOL Time Warner.2. Structure of the DealThe year 2000 merger between AOL and Time Warner happens to be one of the biggest and most significant…...
mlaReferences
Berk, J., DeMarzo, P., & Harfod, J. (2021). Fundamentals of corporate finance (5th ed.). Pearson.
Brigham, E.F. & Daves, P.R. (2021). Intermediate financial management. Cengage Learning.
Boone, L.E., Kurtz, D.L. & Berston, S. (2019). Contemporary business. John Wiley & Sons.
Effective communication is at the root of profitability. Top management should therefore implement strategies whereby employees are encouraged to voice their concerns regarding the current state of the company, as well as suggestions regarding alternative strategies. Employees should also be encouraged to communicate with each other in controlled settings, so that hidden resentments can be brought into the open and eliminated. Once the internal conflict situation is mitigated, employees can take part in company-wide strategies to strengthen interpersonal relations. This can then be used as a basis to address further external problems such as the discrepancy between technological approaches with Time Warner and preferred developments by competitors.
4. I believe that Time Warner has strong existing core competencies, but these are not currently functioning properly because of the internal conflicts between units and between employees themselves. The implications of revised policies relating to internal relations and external threats are then…...
Warner Brothers and Sound
Warner Brothers, name normally pertains to Warner Bros. Pictures, Inc., which is an American motion-picture production company, and was the first to use series of synchronized sound in a silent feature film. Four American brothers namely Harry Morris Warner, Albert Warner, Samuel Lewis Warner, and Jack Leonard Warner were the founders. (Warner Brothers: Encyclopedia Article from Encarta) Harry, Albert, Sam and Jack turned jointly to any commercial activities that came their way till they got into the nickelodeon business. Currently Jack is the only brother who is still regularly recognized with Warner's in its halcyon days. However the studio would have never attained the big position without Harry and Sam's unusual and paired talents. They did it by risking on a new technology: synchronized sound for motion pictures. Harry's cautious but enthused business management made the company in a position to benefit from Sam's big idea. (The…...
mlaReferences
Eyman, Scott. The speed of sound: Hollywood and the talkie revolution, 1926-1930. Johns Hopkins University Press, 1999. Retrieved from Accessed on 17 June, 2005http://www.latrobe.edu.au/screeningthepast/reviews/rev0600/bybr10a.htm
Gabler, Neal. Movies Meet New Technology: The Sequel to the Sequel. The New York Times. September 20, 2000. Retrieved from Accessed on 18 June, 2005http://partners.nytimes.com/library/tech/00/09/biztech/technology/20gabler.html
Herman, Bruce. The Warner Sound: Film Scores Par Excellence. Film Score. 17 January, 2001. Retrieved from -- The_Warner_Sound.asp Accessed on 18 June, 2005http://www.filmscoremonthly.com/articles/2001/17_Jan-
Sam Warner - Now you has jazz. Retrieved from Accessed on 18 June, 2005http://www.bfi.org.uk/sightandsound/archive/innovators/warner.html
Further recommendations to improve the human resource management function in this organization is to extend soliciting employee input beyond that of online-based surveys and extending this solicitation to focus groups, and other sources of information generation. This will not simply provide research for the various division of Time arner, but create a greater sense of company cohesion and loyalty. A sense of mutual investment is the spirit of Time arner. Such a cohesive spirit is often difficult to achieve in an internationally-based company with so many outposts, and diverse corporate divisions and cultures under the management's umbrella. Although inevitably there will be differences between different divisions and different types of employees, creating a sense of a company with a few common values, such as diversity, integrity, youth, and a commitment to free discourse can infuse a common spirit into Time arner that improves company functioning, and reinforces company productivity, vision…...
mlaWorks Cited
Jessica." Working at Time Warner. 2006. [24 Nov 2006] http://www.timewarner.com/corp/careers/working/detail/jessica.html
Health and Safety Policies." Working at Time Warner. 2006. [24 Nov 2006] http://www.timewarner.com/corp/citizenship/employees_workplace/health_safety/index.html
Leadership and Professional Development Opportunities." Leadership Growth and development. Time Warner. 2006. [24 Nov 2006] http://www.timewarner.com/corp/citizenship/employees_workplace/growth_development/index.html
Parsons, Richard D. Time Warner. 2006. [24 Nov 2006] http://www.timewarner.com/corp/citizenship/employees_workplace/recruiting_investing/index.html
This was not the case in the early days of film, however.
Instead, the studios either owned or worked in close collaboration with movie theatres, the vast majority of which had only one screen at the time. Instead of being able to choose which movie one wanted to see upon arriving at the theatre, choosing a movie meant choosing which studio's latest picture seemed most appealing, and going to that theatre. The arner brothers did not have a lot of money to build theatres with; they managed to construct a few in major cities, but that was it until Harry arner talked to independent theatre owners and convinced them to advertise arner's films for a small price (BOS 2).
The boost that arner Brothers Studios got from these advertisements allowed them to grow their business, and even obtain a large loan from Goldman Sachs that was used to build more studio-owned…...
mlaWorks Cited
Animation USA. "Warner Bros." Accessed 26 November 2009. http://www.animationusa.com/wbmore2.html
BOS. "Warner Brothers." Box office Spy. Accessed 26 November 2009. http://www.boxofficespy.com/warner-brothers-history-2.html
Warner Bros. "Company History." Accessed 26 November 2009. http://www.warnerbros.com/#/page=company-info/the_studio/company_history/
merger of Time with warner is economically very attractive this is contributed by high value enhancement opportunities. This value enhancement opportunity reveals clearly the existence of a merger between Time with Warner. Motives present included:
How attractive is the merger of Time with Warner? What are the value enhancement opportunities?
Existence of horizontal merger. This existence leads to economies of scale.it represents combination of two firms in the same line of business (Allen, 2008, p.68).Time and warner are in the same line of business hence this can be considered as horizontal. The prime advantage of this is that there is sharing of central services such as office management and accounting, financial control, executive development and top level management consolidating operations hence elimination of redundant costs.
Vertical merger .this involves companies at different stages of production. Vertical mergers seek economies of scale in vertical integration this is gained by spreading fixed costs over…...
mlaREFERENCE
Allen, (2008) corporate finance, p.68.
Dingman Michael, (2011) paramount vs. Time, p.360.
Kill directed by Joel Schumacher. Specifically it will explain the major components of the criminal justice system (police, courts, corrections) that are evident in the movie. This film is based on the life of a young trial lawyer in Mississippi, who defends a black man who killed the two white crackers that raped and tried to murder his young daughter. It is an interesting look at the court system in the south, and how flawed it can be.
All the major components of the justice system are evident in this movie. The police (both black and white) are evident during the arrest, the murders, and the trial, the courts are evident as the trial progresses, and corrections is evident when Brigance visits his client in jail while the trial continues. They work together to try to keep the peace and bring justice to the people throughout the film, and the…...
mlaReferences
A Time to Kill. Dir. Joel Schumacher. Perf. Matthew McConaughey, Sandra Bullock, Samuel L. Jackson. Warner Brothers, 1996.
Communication
Time to Kill
The main conflict in A Time to Kill is not the conflict in the courtroom; it is the conflict between black and white, good and evil. Character Jake Brigance's impassioned defense of murderer Carl Lee Hailey shows this when he says to the jury, "Now imagine she's white" (A Time to Kill), after describing her rape in vivid detail. Clearly, there is more here than the black white conflict. At the core of the movie is right and wrong, and when is a person justified in using force to solve a problem. Both main characters employ many elements of style and communication throughout the film to arrive at a successful final outcome - Carl Lee's innocence. Carl Lee is an intelligent man who adopts an accepted social style for black men - less intelligent than he really is. Jake is a young lawyer with a big case, and…...
mlaReferences
Time to Kill. Dir. Joel Schumacher. Perf. Matthew McConaughey, Samuel L. Jackson, Sandra Bullock, and Kevin Spacey. Warner Brothers, 1996.
Business & Advertising Strategy of Time Inc.'s Pathfinder.com
The site www.pathfinder.com is a Time Inc. site that provides online users and subscribers of Time Inc. products and services access to its roster of magazines. This list of magazines offers a wide array of information about the following general topics or areas of interest: entertainment, business, news, and lifestyle and health. Thus, because of its variety, Time Inc., in general, caters to the general public, which covers all socio-demographic categories, such as differences in sex, age, socio-economic class and sector the people belong to. For example, TeenPeople.com and Time for Kids cater to the youth, while Parenting.com and business- and news-related sites such as TIME, People, Fortune, and Entertainment Weekly aims at the adult market, from ages (at least) 18 and above. Furthermore, Time Inc.'s services extend towards either the business or agricultural sector, as shown in its offering of information via…...
Today, when they go out to eat it is not unusual for the Warners to pay for the meal of another family in a restaurant, to show their seven young children the value of charity (Battista 2010). Warner has also unapologetically proclaimed his devout Christian faith throughout his long career, crediting God with his success. This has earned him the respect of even his non-believing teammates.
Brenda, a former Marine, is known for being a strict yet loving parent. The Warners are determined to instill humble Midwestern values in their children: one reason that Warner's faith is accorded such respect is because of his sincerity and lack of hypocrisy. Before every meal, the family prays, and children must obey certain rules such as "after ordering at a restaurant, be able to tell Mom the server's eye color," and "throw away your trash at the movie theater and stack plates for…...
mlaReferences
Battista, Julia. (2010, January 10). Cardinal's Warner walks away after 12 improbable years.
The New York Times. Retrieved April 9, 2010 from http://www.nytimes.com/2010/01/30/sports/football/30warner.html
Crouse, Karen. (2008, September 26). The rules of the family.
The New York Times. Retrieved April 9, 2010 from http://www.nytimes.com/2008/09/26/sports/football/26rules.html
Robert Hayden is set at a time during the cold climates. However, despite the time frame in which the poem was set, the poem is still applicable to situations not properly set in the cold days of living. What the poet, Robert Hayden, points out is that the labor that the narrator's father expends just to be able to make a well made fire to get out the cold in their home. The cold atmosphere in which the poem is set is not only literal, but also symbolic. The cold atmosphere that the narrator experiences and his father try to eliminate in their house is an analogy to the cold treatment that the narrator gives to his father. Despite the work the narrator's father had done just to make the house warmer, the narrator, not even a member of his family, did not thank him for his effort. The…...
Corporate Governance
When a merger the size of the AOL ime Warner merger takes place and then disintegrates, it is time to look for what went wrong. Both companies were regarded as important in their fields; both had been successful, one for many years (ime Warner), the other for only a short while (AOL), but that success was extreme.
What did go wrong? he simple answer is that is was probably a classic clash of old paradigm vs. new paradigm.
In fact, the simple answer is the whole answer, and it appears in graphic detail on the 91st page of Alec Klein's book, Stealing ime: Steve Case, Jerry Levin, and the Collapse of AOL ime Warner. On that page, Klein describes the scrambling of the lawyers for both firms -- AOL and ime Warner -- when operation Alpha ango is revealed to them. (Both Case and Levin chose to keep the plans a…...
mlaThe shareholders need to be stinking mad. Time Warner executives, even after the truth was coming out, didn't want to challenge the belatedly charismatic Steve Case. Case had also belatedly reassumed his former pretty persona, perhaps to meld, at last, with the 'suits' at Time Warner. Too little too late. On Sunday, January 12, 2003, Case finally stepped down as chairman of AOL Time Warner. Too late for Jerry Levin. And Ted Turner, who had turned his initial 'nay' reaction to a yea, eased on out the door to become a philanthropist. He didn't lose enough loot to matter. Levin is sitting pretty, despite not cashing in on his AOL Time Warner stock. Case cashed out for millions. The AOL Time Warner Center, costing $1.8 billion, killed at least one worker in the building, and sits as a tony home to those who can afford $2 to $40mliion for a condo.
Very likely, few stockholders can afford that. And some stockholders actually invest with two aims: to make a good return for themselves, and to be part of the growth of American business.
In the case of AOL Time Warner, investors lost on both those fronts, and suffered the embarrassment of hatching the world's biggest merger turkey, whether they had actually cast a proxy ballot or had merely sat back and watched, as well.
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now