Time Warner

Time Warner Inc. (TWI, at one former interval named AOL Time Warner, stylized as TimeWarner since 2003) is an American Multinational media and entertainment conglomerate headquartered in the Time Warner Center in New York City. It is currently the world's third largest television networks and filmed TV & entertainment company in terms of revenue (after Comcast and The Walt Disney Company), and at one time was the world's largest media conglomerate.

Time Warner was formed in 1990 through the merger of Time Inc. and Warner Communications. The current company consists largely of the assets of the former Warner Communications, as well as HBO (a Time Inc. subsidiary prior to the Warner merger) and the assets of Turner Broadcasting (acquired in 1996). Time Warner currently has major operations in film and television, with a limited amount of publishing operations. Among its assets are New Line Cinema, HBO, Turner Broadcasting System, The CW Television Network, Warner Bros., Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros. Animation, Cartoon Network Studios, Hanna-Barbera, Esporte Interativo, Castle Rock Entertainment and NetherRealm Studios.

Time Warner Cable

Time Warner Cable (TWC) is an American cable telecommunications company. It is the second largest cable company in the U.S. by revenue behind only Comcast, operating in 29 states. Its corporate headquarters are located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, Connecticut; Charlotte, North Carolina; and Herndon, Virginia.

Originally controlled by Warner Communications, later Time Warner (the film and television production company and cable channel operator), that company spun off the cable operations in March 2009 as part of a larger restructuring. Since then, Time Warner Cable has been an entirely independent company, merely continuing to use the Time Warner brand under license from its former parent (it also previously used the "Road Runner" name for its internet service).

In 2014, the company was the subject of a proposed purchase by Comcast Corporation, valued at $45.2 billion; however, following opposition to the deal by various groups, along with plans by the U.S. government to try and block the merger, Comcast called off the deal in April 2015. On May 26, 2015, Charter Communications announced that it would acquire Time Warner Cable for $78.7 billion, along with Bright House Networks in a separate $10.1 billion deal, pending regulatory approval. Charter expected to complete the former transaction by the end of 2015.

Comcast

Comcast Corporation, formerly registered as Comcast Holdings, is an American multinational mass media company and is the largest broadcasting and largest cable company in the world by revenue. It is the second largest pay-TV company after the AT&T-DirecTV acquisition, largest cable TV company and largest home Internet service provider in the United States, and the nation's third largest home telephone service provider. Comcast services U.S. residential and commercial customers in 40 states and the District of Columbia. The company's headquarters are located in Philadelphia, Pennsylvania.

As the owner of the international media company NBCUniversal since 2011, Comcast is a producer of feature films and television programs intended for theatrical exhibition and over-the-air and cable television broadcast.

Comcast operates multiple cable-only channels (including E! Entertainment Television, the Golf Channel, and NBCSN), over-the-air national broadcast network channels (NBC and Telemundo), the film production studio Universal Pictures, and Universal Parks & Resorts, with a global total of nearly 200 family entertainment locations and attractions in the U.S. and several other countries including U.A.E., South Korea, Russia and China, with several new locations reportedly planned and being developed for future operation. Comcast also has significant holding in digital distribution (thePlatform). In February 2014 the company agreed to merge with Time Warner Cable in an equity swap deal worth $45.2 billion. Under the terms of the agreement Comcast was to acquire 100% of Time Warner Cable. However, on April 24, 2015, Comcast terminated the agreement.

Stock exchange

A stock exchange or bourse is an exchange where stock brokers and traders can buy and/or sell stocks (also called shares), bonds, and other securities. Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets, with buyers and sellers consummating transactions at a central location, such as the floor of the exchange.

To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets use electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is restricted to brokers who are members of the exchange. In recent years, various other trading venues, such as electronic communication networks, alternative trading systems and "dark pools" have taken much of the trading activity away from traditional stock exchanges.