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122-407: The trial aimed to study how interactive services would work, as well as their costs and advertising capabilities. It also aimed to find out "what people will want when the equipment that is now so expensive becomes affordable several years down the road." Time Warner 's Full Service Network was described as "the first in the world to integrate emerging cable, computer, and telephone technologies over

244-749: A Fortune 500 ranking of 9 in 2009. In November 2009, HP announced its acquisition of 3Com , and closed the deal on April 12, 2010. On April 28, 2010, HP announced its buyout of Palm, Inc. for $ 1.2 billion. On September 2, 2010, HP won its bidding war for 3PAR with a $ 33 a share offer ($ 2.07 billion), which Dell declined to match. On November 1, 2015, Hewlett-Packard was split into two separate companies. Its enterprise products and services business were spun-off to form Hewlett Packard Enterprise , while its personal computer and printer businesses became HP Inc. Bill Hewlett and David Packard graduated with degrees in electrical engineering from Stanford University in 1935. The company started in

366-534: A garage in Palo Alto during a fellowship they had with past professor Frederick Terman at Stanford during the Great Depression , whom they considered a mentor in forming the company. In 1938, Packard and Hewlett began part-time work in a rented garage with an initial capital investment of US$ 538 (equivalent to $ 11,645 in 2023). In 1939, Hewlett and Packard decided to formalize their partnership. They tossed

488-424: A 71% stake in the merged company, which is expected to be led by Discovery's current CEO David Zaslav . Hewlett-Packard The Hewlett-Packard Company , commonly shortened to Hewlett-Packard ( / ˈ h juː l ɪ t ˈ p æ k ər d / HEW -lit PAK -ərd ) or HP , was an American multinational information technology company headquartered in Palo Alto, California . HP developed and provided

610-627: A Fortune-20 company in the Dow Jones Industrial Average . Fiorina received a larger signing offer than any of her predecessors. The same year, Fiorina articulated a set of " rules of the garage ", an attempt to capture the spirit of the company's founders. In 1997, HP started selling its products in Iran through a European subsidiary and a Dubai -based Middle Eastern distributor, despite U.S. export sanctions prohibiting such deals imposed by Bill Clinton 's 1995 executive orders . The story

732-485: A board meeting prompted Steve Case to contact each of the directors and push for CEO Gerald Levin's ouster. Although Case's coup attempt was rebuffed by Parsons and several other directors, Levin became frustrated with being unable to "regain the rhythm" at the combined company and handed in his resignation in the fall of 2001, effective in May 2002. Although Co-COO Bob Pittman was the strongest supporter of Levin and largely seen as

854-587: A brief filed by the Justice Department, it was argued that the decision to approve the acquisition ran "contrary to fundamental economic logic and the evidence". On August 7, 2018, AT&T acquired the remaining controlling stake in Otter Media from the Chernin Group for an undisclosed amount. The company operated as a division of WarnerMedia. On August 29, 2018, Makan Delrahim told Recode that if

976-523: A chance to experience it. The Orlando Business Journal announced in 1997 the closing of the Full Service Network. The article listed as the reason Time Warner 's shifting emphasis toward an evolved form of the technology being developed by outside companies under contract with Time Warner Cable. The company had 156 employees at the time at its main office in Maitland. Hewlett-Packard was one of

1098-463: A coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. Hewlett and Packard's first financially successful product was a precision audio oscillator known as the HP 200A , which used a small incandescent light bulb (known as a "pilot light") as a temperature dependent resistor in a critical portion of the circuit, and a negative feedback loop to stabilize

1220-607: A definitive agreement to acquire Opsware in a cash tender deal that values the company at $ 14.25 per share, which combined Opsware software with the Oracle enterprise IT management software. In the first few years of Hurd's tenure as CEO, HP's stock price more than doubled. By the end of the 2007 fiscal year, HP reached the $ 100 billion mark for the first time. The company's annual revenue reached $ 104 billion , allowing HP to overtake competitor IBM. On May 13, 2008, HP and Electronic Data Systems (EDS) announced that they had signed

1342-567: A definitive agreement under which HP would purchase EDS. On June 30, HP announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had expired. "The transaction still requires EDS stockholder approval and regulatory clearance from the European Commission and other non-U.S. jurisdictions and is subject to the satisfaction or waiver of the other closing conditions specified in

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1464-673: A fiber-optic and coaxial cable network." This meant that the service offered traditional cable, interactive television, telephone services, and high-speed PC access to on-line services. Regardless of its first-time advantages, the FSN was not television's first attempt at interactivity , nor was it Time Warner Cable's first attempt. Previous efforts included 1977's QUBE , a service offered by Warner-Amex (a joint venture between Warner Cable and American Express ) initially in Columbus, OH , then expanding into cities such as Dallas , and Pittsburgh ; as well as

1586-519: A foreign subsidiary. HP ended its relationship with Redington Gulf after the SEC inquiry. On September 3, 2001, HP announced that an agreement had been reached with Compaq to merge the two companies. On May 3, 2002, after passing a shareholder vote, HP officially announced the merger with Compaq. Prior to this, plans had been in place to consolidate the companies' product teams and product lines. The newly-merged company would officially launch five days after

1708-458: A government official the following day, with the latter criticizing the reports as being an effort to politicize the deal. Stephenson also disputed the relevance of CNN to the antitrust concerns surrounding the acquisition, as AT&T did not already own a national news channel. On November 20, 2017, the Department of Justice filed an antitrust lawsuit over the acquisition; Delrahim stated that

1830-491: A major corporate revamp that resulted in TBS, TNT and TruTV being brought back under the same umbrella as Cartoon Network/Adult Swim, Boomerang and TCM, under a consolidation of WarnerMedia Entertainment and Warner Bros. Entertainment's respective assets that formed the combined WarnerMedia Studios & Networks Group unit. Casey Bloys—who has been with WarnerMedia since 2004 (as director of development at HBO Independent Productions), and

1952-780: A manufacturing plant was established in Böblingen and a marketing organization in Geneva . Packard handed the presidency over to Hewlett when he became chairman in 1964, but remained CEO of the company. HP is recognized as the symbolic founder of Silicon Valley , though it did not actively investigate semiconductor devices until a few years after the " traitorous eight " abandoned William Shockley to create Fairchild Semiconductor in 1957. Hewlett-Packard's HP Associates division, established around 1960, developed semiconductor devices primarily for internal use. Instruments and calculators were some of their products using semiconductor devices. During

2074-498: A meeting between AT&T CEO Randall L. Stephenson and Makan Delrahim , assistant Attorney General of the Department of Justice's Antitrust Division , indicated that AT&T had been recommended to divest DirecTV or Turner Broadcasting, seek alternative antitrust remedies, or abandon the acquisition. Some news outlets reported that AT&T had been ordered to specifically divest CNN, but these claims were denied by both Stephenson and

2196-596: A merger structure in which each original company merged into a newly created entity. The Federal Trade Commission (FTC) cleared the deal on December 14, 2000, and gave final approval on January 11, 2001; the company completed the merger later that day. The deal was approved on the same day by the Federal Communications Commission (FCC), and had already been cleared by the European Commission (EC) on October 11, 2000. AOL Time Warner Inc. , as

2318-478: A movie review aggregator. In June 2012, Time Warner acquired Alloy Entertainment , a publisher and television studio whose works are aimed at teen girls and young women. On August 6, 2012, Time Warner acquired Bleacher Report , a sports news website. The property was placed under the control of the Turner Sports division. On March 6, 2013, Time Warner intended to spin off its publishing division Time Inc. as

2440-543: A proprietary magnetic tape for storage. HP computers were similar in capabilities to the much later IBM Personal Computer , though the limitations of available technology forced prices to be high. In 1978, Hewlett stepped down as CEO and was succeeded by John A. Young . HP expanded into South Africa in the 1980s. Activists supporting divestment from South Africa accused HP of "automating apartheid ". Sales reached $ 6.5 billion in 1985 with 85,000 employees. In 1984, HP introduced both inkjet and laser printers for

2562-737: A range of printers and other imaging products. The company directly marketed its products to households; small- to medium-sized businesses and enterprises, as well as via online distribution; consumer-electronics and office-supply retailers; software partners; and major technology vendors. It also offered services and a consulting business for its products and partner products. In 1999, HP spun off its electronic and bio-analytical test and measurement instruments business into Agilent Technologies ; HP retained focus on its later products, including computers and printers. It merged with Compaq in 2002, and acquired Electronic Data Systems in 2008, which led to combined revenues of $ 118.4 billion that year and

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2684-530: A reputation for sturdiness and usability. HP introduced the Hewlett-Packard Interface Bus (HPIB) computer peripheral interface (later cloned by National Instruments as GPIB and standardized by the IEEE as IEEE-488 ) on their relay actuator products in 1973. HPIB was later integrated into most high end test & measurement equipment it produced from 1980 onward. As early as 1977, HP began production of

2806-516: A result of planned cost cutting programs, the sale of Warner Bros. Interactive Entertainment was proposed, but ultimately abandoned due to COVID-19 related growth in the Gaming industry, as well as a positive reception to upcoming DC Comics , Lego Star Wars , and Harry Potter titles from fans and critics. Crunchyroll was sold to Sony 's Funimation for US$ 1.175 billion in December 2020, with

2928-573: A separate, publicly traded company. The transaction was completed on June 6, 2014. In January 2014, Time Warner, Related Companies , and Oxford Properties Group announced that the then Time Warner intended to relocate the company's corporate headquarters and its New York City-based employees to 30 Hudson Yards in the Hudson Yards neighborhood in Chelsea, Manhattan , and has accordingly made an initial financial commitment. Time Warner sold its stake in

3050-464: A simple accumulator -based design with two accumulator registers and, in the HP 1000 models, two index registers . The series was produced for 20 years in spite of several attempts to replace it, and was a forerunner of the HP 9800 and HP 250 series of desktop and business computers. At the end of 1968, Packard handed over the duties of CEO to Hewlett to become United States Deputy Secretary of Defense in

3172-403: A smaller company made up of Turner Broadcasting, Warner Bros. and HBO. On February 28, 2008, co-chairmen and co-CEOs of New Line Cinema Bob Shaye and Michael Lynne resigned from the 40-year-old movie studio in response to Jeffrey Bewkes' demand for cost-cutting measures at the studio, which he intended to dissolve into Warner Bros. In 2009, Time Warner spun out its Time Warner Cable division (it

3294-451: A television production company, for £100 million. Its distribution operation, Outright Distribution, was folded into Warner Bros. International Television Production. On August 26, 2010, Time Warner acquired Chilevisión . WarnerMedia already operated in the country with CNN Chile . In May 2011, Warner Bros. Home Entertainment Group acquired Flixster , a movie discovery application company. The acquisition also includes Rotten Tomatoes ,

3416-501: A wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses ( SMBs ), and fairly large companies, including customers in government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue

3538-518: A workstation, and software to manage them—OpenView Client Configuration Manager 2.0. In that same year, HP's share price skyrocketed due to consistent results in the last couple quarters of the year with Hurd's plan to cut back HP's workforce and lower costs. HP began its marketing campaign called "The Computer is Personal Again" in May 2006, aimed at bringing back the personal computer as a personal product. The campaign utilized viral marketing and sophisticated visuals, as well as its own website. Some of

3660-429: Is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of ' Silicon Valley ' ". The company won its first big contract in 1938 to provide the HP 200B , a variation of its first product, the HP 200A low-distortion frequency oscillator for Walt Disney 's production of the 1940 animated film Fantasia , which allowed Hewlett and Packard to formally establish

3782-638: Is now part of Charter Communications), and later AOL, as independent companies; AOL was later purchased by Verizon in 2015. In the first quarter of 2010, Time Warner purchased additional interests in HBO Latin America Group for $ 217 million, which resulted HBO owning 80% of the equity interests of HBO LAG. In 2010, HBO purchased the remainder of its partners' interests in HBO Europe (formerly HBO Central Europe) for $ 136 million, net of cash acquired. In August 2010, Time Warner agreed to acquire Shed Media,

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3904-536: Is responsible for sales and distribution), while Turner gained access to Warner Bros.' post-1950 library, as well as other Warner Bros.-owned properties. The Turner deal also brought two separate film companies, New Line Cinema and Castle Rock Entertainment , both of which were integrated into Warner Bros. The Turner deal also gave Time Warner Entertainment access to Metro-Goldwyn-Mayer (MGM)'s pre-May 1986 library. Time Warner Entertainment completed its purchase of Six Flags Theme Parks in 1993 after buying half of

4026-544: The AT&;T SportsNet regional networks led by CNN president Jeff Zucker . Cartoon Network, Adult Swim, Boomerang, their respective production studios, as well as Turner Classic Movies and Otter Media would be moved directly under Warner Bros. Gerhard Zeiler moved from being president of Turner International to chief revenue officer of WarnerMedia, and would oversee the consolidated advertising and affiliation sales. David Levy and HBO chief Richard Plepler stepped down as part of

4148-475: The Apple I computer while working at HP and offered it to them under their right of first refusal to his work. They did not take it up as the company wanted to stay in scientific, business, and industrial markets. Wozniak said that HP "turned him down five times", but that his loyalty to HP made him hesitant to start Apple with Steve Jobs . The company earned global respect for a variety of products. They introduced

4270-582: The Columbus Circle building for $ 1.3 billion to Related and two wealth funds. The move would be completed in 2019. In June 2014, Rupert Murdoch made a bid for Time Warner at $ 85 per share in stock and cash ($ 80 billion total) which Time Warner's board of directors turned down in July. Time Warner's CNN unit would have been sold to ease antitrust issues of the purchase. On August 5, 2014, Murdoch withdrew his offer to purchase Time Warner. On October 20, 2016, it

4392-527: The HP Pavilion dv1000 series of laptops in 2004, which included the HP Pavilion dv1658 and dv1040 models. Other laptop models available around this time were the dv4000, dv5000, and the dv8000 series. In January 2005, following years of underperformance, which included HP's Compaq merger that fell short and disappointing earning reports, the board asked Fiorina to resign as chair and chief executive officer of

4514-410: The 1950s children television show Winky Dink and You , which prompted interactivity through the use of plastics 'Magic Screens' that parents would place on the actual television display so kids could draw on them. However, the FSN's service was very similar to 2008 interactive services. Users would be plugged into the network using set top boxes and selecting the offerings of their choice using just

4636-465: The 1960s, HP partnered with Sony and Yokogawa Electric in Japan to develop several high-quality products. The products were not a huge success, as there were high costs involved in building HP-looking products in Japan. In 1963, HP and Yokogawa formed the joint venture Yokogawa-Hewlett-Packard to market HP products in Japan. HP bought Yokogawa Electric's share of Hewlett-Packard Japan in 1999. HP spun off

4758-616: The 1970s and 1980s. It also owned DC Comics and Mad magazine . The European publishing division, which produced magazines and comics, was known as Williams Publishing ; thanks to a prior acquisition (from Gilberton World-Wide Publications ), it had European-language branches in the United Kingdom, Denmark , Finland , France , Germany , Italy , the Netherlands, Norway , and Sweden . Most of these publishers were sold off around 1979. During its time as Warner Communications,

4880-478: The AOL division dropped significantly, not unlike the market valuation of similar independent internet companies that drastically fell, and forced a goodwill write-off , causing AOL Time Warner to report a loss of $ 99 billion in 2002 — at the time, the largest loss ever reported by a company. The total value of AOL stock subsequently went from $ 226 billion to about $ 20 billion. An outburst by Vice-Chairman Ted Turner at

5002-420: The AOL division for failing to meet expectations and dragging down the combined company. AOL Time Warner COO Pittman, who expected to have the divisions working closely towards convergence instead found heavy resistance from many division executives, who also criticized Pittman for adhering to optimistic growth targets for AOL Time Warner that were never met. Some of the attacks on Pittman were reported to come from

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5124-469: The Department of Justice provided insufficient evidence that the proposed transaction would result in lessened competition. He also warned the government that attempting to obtain an appeal or stay on the ruling would be manifest unjust, as it would cause "certain irreparable harm to the defendants". On June 14, 2018, AT&T announced that it had closed the acquisition of Time Warner. Jeff Bewkes stepped down as CEO of Time Warner while retaining ties with

5246-536: The HP856x spectrum analyzers to complement its RF power meters and sensors capable of measuring signals in excess of 20 GHz. HP also produced configurable chassis based sweep generators capable of generating signals to 20 GHz. Other T&M products of the time included lab grade multimeters, microwave frequency counters, RF amplifiers, high accuracy microwave detectors, lab grade power supplies and more. These products were succeeded by modernized versions as well as

5368-624: The Hewlett-Packard Company on July 2, 1939. The company grew into a multinational corporation widely respected for its products. HP was the world's leading PC manufacturer from 2007 until the second quarter of 2013, when Lenovo moved ahead of HP. HP specialized in developing and manufacturing computing, data storage, and networking hardware; designing software; and delivering services. Major product lines included personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software, and

5490-605: The Model 400A vacuum-tube voltmeter during the war. Hewlett and Packard worked on counter-radar technology and artillery shell proximity fuzes during World War II; the work exempted Packard from the draft, but Hewlett had to serve as an officer in the Army Signal Corps after being called to active duty. HP was incorporated on August 18, 1947, with Packard as president. Sales reached $ 5.5 million in 1951 with 215 employees. The company went public on November 6, 1957. In 1959,

5612-501: The Time Inc. acquisition and the lawsuit, and allowing the two companies to merge, which was completed on January 10, 1990. US West partnered with Time Warner Entertainment in 1993 to form what was later known as TW Telecom , initially known as Time Warner Communications (also utilized as the brand name for cable operation previously under the ATC name), in order to bring telephone via fiber to

5734-567: The Time Warner board on October 31, 2005. Jeff Bewkes , who eventually became CEO of Time Warner in 2008, described the 2001 merger with AOL as 'the biggest mistake in corporate history'. In 2005, Time Warner was among 53 entities that contributed the maximum of $ 250,000 to the second inauguration of President George W. Bush . On December 27, 2007, newly installed Time Warner CEO Jeffrey Bewkes discussed possible plans to spin off Time Warner Cable and sell off AOL and Time Inc. This would leave

5856-480: The Turner Broadcasting System. Its assets were dispersed across two new camps, WarnerMedia Entertainment and WarnerMedia News & Sports. WarnerMedia Entertainment would consist of HBO, TBS, TNT, TruTV, and the direct-to-consumer video service HBO Max. WarnerMedia News & Sports would have CNN Worldwide, Turner Sports (later known briefly as Warner Bros. Discovery Sports, and TNT Sports from 2023), and

5978-758: The WarnerMedia Entertainment and Warner Bros. Entertainment assets into a new unit, WarnerMedia Studios & Networks Group. On May 17, 2021, nearly three years after the acquisition, AT&T decided to leave the entertainment business by announcing that it had proposed to sell its ownership of WarnerMedia in a merger with Discovery, Inc. to form a new publicly traded company, Warner Bros. Discovery . The deal closed on April 8, 2022. The company's previous assets included Time Inc., TW Telecom , AOL , Time Warner Cable , AOL Time Warner Book Group , and Warner Music Group ; these operations were either sold to others or spun off as independent companies. The company

6100-569: The Year" in 2003, which in turn published a press release stating that "[t]he seeds of the Redington-Hewlett-Packard relationship were sowed six years ago for one market — Iran." At the time, Redington Gulf had only three employees whose sole purpose was to sell HP products to the Iran market. According to former officials who worked on sanctions, HP used a loophole by routing their sales through

6222-525: The acquisition closing in August 2021. On December 21, 2020, WarnerMedia acquired You.i TV, an Ottawa , Ontario -based developer of tools for building cross-platform video streaming apps. The company's products have been the basis of various WarnerMedia streaming platforms, including AT&T TV Now and the Turner channels' apps, and would be used as part of international expansion of HBO Max. On May 16, 2021, it

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6344-410: The acquisition, and was completed two days later, when the company became a subsidiary of AT&T. The company's final name was adopted a day later. Under AT&T, the company moved to launch a streaming service built around the company's content, known as HBO Max. WarnerMedia refolded Turner's entertainment-based networks under a singular umbrella unit on August 10, 2020, through a consolidation of

6466-481: The ads featured Pharrell , Petra Nemcova , Mark Burnett , Mark Cuban , Alicia Keys , Jay-Z , Gwen Stefani , and Shaun White . This marketing campaign was also incorporated directly onto HP's product offerings, which included desktops, laptops, and other hardware and software. HP offered three new laptop models in mid-to-late 2006 with the Pavilion dv2000 , dv6000 , and dv9000 series. In July 2007, HP signed

6588-497: The amplitude of the output sinusoidal waveform. This allowed the HP 200A to be sold for $ 89.40 when competitors were selling less stable oscillators for over $ 200 . The 200 series of generators continued production until at least 1972 as the 200AB, still tube-based but improved in design through the years. One of the company's earliest customers was Bud Hawkins, chief sound engineer for Walt Disney Studios , who bought eight HP 200B audio oscillators (at $ 71.50 each) to be used in

6710-467: The animated film Fantasia . HP's profit at the end of 1939, its first full year of business, was $ 1,563 (equivalent to $ 34,236 in 2023) on revenues of $ 5,369 . In 1942, they built their first building at 395 Page Mill Road and were awarded the Army-Navy "E" Award in 1943. HP employed 200 people and produced the audio oscillator, a wave analyzer, distortion analyzers, an audio-signal generator, and

6832-564: The announcement on May 7, 2002. As Compaq acquired Tandem Computers in 1997 and Digital Equipment Corporation (DEC) in 1998, HP inherited both acquired companies' product lines, and offered support for the Tandem NonStop family (now owned by Hewlett Packard Enterprise) and DEC products PDP-11 , VAX and Alpha . Both the DEC PDP-11 and VAX were discontinued years before the merger, and HP supported DEC Alpha until April 2007. The merger

6954-608: The case. On October 10, 2018, WarnerMedia announced that it would launch an over-the-top streaming service in late 2019, featuring content from its entertainment brands. On December 14, 2018, Kevin Reilly, president of TNT and TBS, was promoted to chief content officer of all WarnerMedia digital and subscription activities, including HBO Max, reporting to both Turner's president David Levy and WarnerMedia's CEO John Stankey. The U.S. Court of Appeals in Washington D.C. unanimously upheld

7076-507: The chief financial officer. According to AOL President and COO Bob Pittman, the slow-moving Time Warner Entertainment would now take off at Internet speed, accelerated by AOL: "All you need to do is put a catalyst to [Time Warner Entertainment], and in a short period, you can alter the growth rate. The growth rate will be like an Internet company." The vision for Time Warner Entertainment's future seemed clear and straightforward; by tapping into AOL, Time Warner Entertainment would reach deep into

7198-520: The co-head of a new strategy committee of the board, making speeches to divisions on synergism and the promise of the Internet. However, under pressure from institutional investor vice-president Gordon Crawford who lined up dissenters, Case stated in January 2003 that he would not stand for re-election as executive chairman in the upcoming annual meeting, making CEO Richard Parsons the chairman-elect. In July 2003,

7320-558: The company as senior advisor of AT&T. John Stankey , who headed the AT&;T/Time Warner integration team, took over as CEO. On the next day, AT&T renamed the company as WarnerMedia (legally Warner Media, LLC). On July 12, 2018, the Department of Justice filed a notice of appeal with the D.C. Circuit to reverse the District Court's approval. Although the Department of Justice reportedly contemplated requesting an injunction to stop

7442-491: The company dropped the "AOL" from its name, and spun off Time-Life 's ownership under the legal name Direct Holdings Americas, Inc. On November 24, 2003, Time Warner announced they would sell the Warner Music Group , which hosted a variety of acts such as Madonna and Prince , to an investor group led by Edgar Bronfman Jr. and Thomas H. Lee Partners , in order to cut its debt down to US $ 20 billion. Case resigned from

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7564-449: The company in 1991, saving it from financial trouble. The company was later sold to Oklahoma-based theme park operator Premier Parks under certain terms and conditions on April 1, 1998. Dick Parsons, already a director on the board since 1991, was hired as Time Warner Entertainment president in 1995, although the division operational heads continued to report directly to chairman and CEO Gerald Levin . In 1991, HBO and Cinemax became

7686-506: The company in 2003, relegating the name to a subdivision under Time Warner Cable. On October 10, 1996, Time Warner Entertainment acquired Turner Broadcasting System , which was established by Ted Turner in 1965. Not only did this result in the company re-entering the cable television industry as a national programmer, but Warner Bros. also regained the rights to their pre-1950 film library, which by then had been owned by Turner (the films are still technically held by Turner, but Warner Bros.

7808-421: The company made several further acquisitions. In 1979, Warner formed a joint venture with credit card company American Express called Warner-Amex Satellite Entertainment . This company owned such cable channels as MTV , Nickelodeon , The Movie Channel , and VH1 (which was launched in 1985 on the channel space left by Turner 's Cable Music Channel ). Warner bought out American Express's half in 1984 and sold

7930-523: The company was then called, was supposed to be a merger of equals with top executives from both sides. Gerald Levin , who had served as chairman and CEO of Time Warner Entertainment, was CEO of the new company. AOL co-founder Steve Case served as Executive Chairman of the board of directors, Robert W. Pittman (president and COO of AOL) and Dick Parsons (president of Time Warner) served as Co-Chief Operating Officers, and J. Michael Kelly (the CFO from AOL) became

8052-514: The company, and she did on February 9, 2005. After her departure, HP's stock jumped 6.9 percent. Robert Wayman, chief financial officer of HP, served as interim CEO while the board undertook a formal search for a replacement. Mark Hurd of NCR Corporation was hired to take over as CEO and president, effective April 1, 2005. Hurd was the board's top choice given the revival of NCR that took place under his leadership. In 2006, HP unveiled several new products including desktops, enhanced notebooks,

8174-481: The completion of the ordering process. According to Tom Feige, president of the FSN: Pizza Hut is a great example of how FSN customers not only watch television, they use television as well. The future of television lies in its potential to give users greater choice, convenience and control of their viewing habits and consumer activities. Time Warner Warner Media, LLC ( doing business as WarnerMedia )

8296-450: The deal from closing after the District Court's ruling, the department ultimately did not file the motion because WarnerMedia's operation as a separate group from the rest of AT&T would make the business relatively easy to unwind should the appeal be successful. The next day, however, AT&T CEO Randall Stephenson told CNBC that the appeal would not affect its plans to integrate WarnerMedia into AT&T, or services already launched. In

8418-449: The deal would "greatly harm American consumers". AT&T asserted that this suit was a "radical and inexplicable departure from decades of antitrust precedent". On December 22, 2017, the merger agreement deadline was extended to June 21, 2018, under a vote of confidence. On June 12, 2018, District Judge Richard J. Leon ruled in favor of AT&T, thus allowing the acquisition to go ahead with no conditions or remedies. Leon argued that

8540-564: The deal, leaving the review to the Department of Justice (DOJ). On March 15, 2017, the merger was approved by the European Commission (EC). On August 22, 2017, the merger was approved by the Mexican Comisión Federal de Competencia . On September 5, 2017, the merger was approved by the Chilean Fiscalía Nacional Económica. In the wake of the U.S. presidency of Donald Trump , Time Warner's ownership of CNN

8662-472: The decade, HP opened hpshopping.com as an independent subsidiary to sell online, direct to consumers; in 2005, the store was renamed "HP Home & Home Office Store". From 1995 to 1999, Hewlett-Packard were sponsors of the English football team Tottenham Hotspur . In 1999, all of the businesses not related to computers, storage, and imaging were spun off from HP to form Agilent Technologies . Agilent's spin-off

8784-621: The decision. The specific test area was suburban Orlando, including southwest Seminole County and parts of Orange County (Wekiva, Sweetwater, Lake Brantley, and Spring Lake Hills). Available interactive services were added to the network bit by bit. They included on-demand games, sports and movies, food ordering, and also local information, events and shopping opportunities through GOtv, an interactive entertainment guide. GOtv worked in association with other media, such as The Orlando Sentinel , in compiling reviews and other information on restaurants, their menus, prices, location and hours. In 1996,

8906-404: The desktop. Along with its scanner product line, the printers have later been developed into successful multifunction products, the most significant being single-unit printer/scanner/copier/fax machines. The print mechanisms in HP's LaserJet line of laser printers depend almost entirely on Canon Inc. 's components (print engines), which in turn use technology developed by Xerox . HP developed

9028-485: The early partners of the FSN, which was also the only trial to offer full-page, color printing for interactive television. HP participated "to learn about the printing and order fulfillment needs of interactive-TV users, service providers and advertisers". The service aimed to offer users the possibility to print out the information available in the FSN's interactive guides, as well as the map locations for shops and restaurants, or ticket events. As for pizza , Pizza Hut

9150-507: The entertainment assets of Turner Broadcasting , HBO , and Cinemax as well as Warner Bros. , which itself consisted of the film, animation, television studios, the company's home entertainment division and Studio Distribution Services, its joint venture with Universal Pictures Home Entertainment , DC Comics , New Line Cinema , and, together with CBS Entertainment Group , a 50% interest in The CW ); WarnerMedia News & Sports (consisted of

9272-454: The expected synergies between AOL and other Time Warner Entertainment divisions never materialized, as most Time Warner Entertainment divisions were considered independent fiefs that rarely cooperated prior to the merger. A new incentive program that granted options based on the performance of AOL Time Warner, replacing the cash bonuses for the results of their own division, caused resentment among Time Warner Entertainment division heads who blamed

9394-436: The first bit mapped graphics displays that, when combined with the HP 2100 21MX F-Series microcoded Scientific Instruction Set, enabled the first commercial WYSIWYG presentation program , BRUNO , that later became the program HP-Draw on the HP 3000. Although scoffed at in the formative days of computing, HP surpassed IBM as the world's largest technology vendor in terms of sales. HP was identified by Wired magazine as

9516-481: The first premium pay services to offer multiplexing to cable customers, with companion channels supplementing the main networks. In 1993, HBO became the world's first digitally transmitted television service. In 1995, CNN introduced CNN.com which later became a leading destination for global digital news, both online and mobile. In 1996, Warner Bros. spearheaded the introduction of the DVD, which gradually replaced VHS tapes as

9638-473: The government were to win the appeal, AT&T would only sell Turner and if they lost the appeal then the February 2019 expiration of a consent decree AT&T reached with the Justice Department shortly before the deal closed would allow AT&T to do what they want with Turner. The appeal was expected to have zero impact on the integration. By September 2018, nine state Attorneys General sided with AT&T on

9760-607: The hardware, firmware, and software to convert data into dots for printing. On March 3, 1986, HP registered the HP.com domain name, making it the ninth Internet .com domain to be registered. In 1987, the Palo Alto garage where Hewlett and Packard started their business was designated as a California Historical Landmark . In the 1990s, HP expanded their computer product line, which initially had been targeted at university, research, and business users, to reach consumers. HP also grew through acquisitions: it bought Apollo Computer in 1989 and Convex Computer in 1995. In 1992, Young

9882-427: The heir-apparent, Dick Parsons was instead chosen as CEO. Time Warner Entertainment CFO J. Michael Kelly was demoted to COO of the AOL division and replaced as CFO by Wayne Pace. AOL Chairman and CEO Barry Schuler was removed from his position and placed in charge of a new "content creation division", being replaced on an interim basis by Pittman, who was already serving as the sole COO after Parsons' promotion. Many of

10004-453: The homes of tens of millions of new customers. AOL would use Time Warner Entertainment's high-speed cable lines to deliver to its subscribers Time Warner Entertainment's branded magazines, books, music, and movies. This would have created 130 million subscription relationships. However, the growth and profitability of the AOL division stalled due to advertising and loss of market share to the growth of high-speed broadband providers. The value of

10126-543: The incoming Nixon administration. He resumed the chairmanship in 1972 and served until 1993, but Hewlett remained the CEO. The HP 3000 was an advanced stack-based design for a business computing server, later redesigned with RISC technology. The HP 2640 series of smart and intelligent terminals introduced forms-based interfaces to ASCII terminals, and also introduced screen labeled function keys , now commonly used on gas pumps and bank ATMs. The HP 2640 series included one of

10248-467: The introduction of the scalar and vector network analyzer product lines prior to the business being spun off into Agilent Technologies . The HP 9800 series of technical desktop computers started in 1971 with the 9810A. The HP Series 80 started in 1979 with the 85. Some of these machines used a version of the BASIC programming language , which was available immediately after they were switched on, and used

10370-410: The lower court's ruling in favor of AT&T on February 26, 2019, stating it did not believe the merger with Time Warner would have a negative impact on either consumers or competition. The Justice Department declined to appeal the decision further, thus allowing the consent decree to expire. On March 4, 2019, AT&T announced a major reorganization of its broadcasting assets to effectively break-up

10492-401: The masses. US West also took a 26% stake in the entertainment portion of the company, calling that division Time Warner Entertainment. US West's stake eventually passed to acquired cable company MediaOne , then to AT&T Broadband in 1999 when that company acquired MediaOne, then finally to Comcast in 2001 when that company bought the AT&T Broadband division. Comcast sold their stake in

10614-457: The merger agreement." The agreement was finalized on August 26, 2008, at $ 13 billion, and it was publicly announced that EDS would be re-branded. The first targeted layoff of 24,600 former EDS workers was announced on September 15, 2008. (The company's 2008 annual report gave the number as 24,700, to be completed by end of 2009. ) This round was factored into purchase price as a $ 19.5 billion liability against goodwill. As of September 23, 2009, EDS

10736-459: The merger, were chosen because they were considered the most successful operational executives in the conglomerate and they would report to AOL Time Warner CEO Richard Parsons. Logan, generally admired at Time Warner Entertainment and reviled by AOL for being a corporate timeserver who stressed incremental steady growth and not much of a risk-taker, moved to purge AOL of Pittman allies. AOL Time Warner Chairman Steve Case took on added prominence as

10858-441: The new company while Time Warner Entertainment shareholders owned only 45%, so in actual practice AOL had merged with Time Warner Entertainment, even though Time Warner Entertainment had far more assets and revenues. Time Warner Entertainment had been looking for a way to embrace the digital revolution, while AOL wanted to anchor its stock price with more tangible assets. The deal, officially filed on February 11, 2000, employed

10980-413: The new streaming service. On May 31, 2019, Otter Media was transferred from Warner Bros. to WarnerMedia Entertainment, and Otter's COO Andy Forssell became the executive vice president and general manager of the streaming service, while still reporting to Otter CEO Tony Goncalves — who would lead development. On July 9, 2019, it was announced that the new streaming service would be known as HBO Max , which

11102-584: The newly created media and communications group, overseeing America Online, Time, Time Warner Cable, the AOL Time Warner Book Group, and the Interactive Video unit, relegating AOL to being just another division in the conglomerate. Bewkes became chairman of the entertainment and networks group, comprising HBO, Cinemax, New Line Cinema, The WB, TNT, Turner Networks, Warner Bros., and Warner Music Group. Both Logan and Bewkes, who had initially opposed

11224-470: The news and sports assets of Turner Broadcasting, including CNN , Turner Sports , and AT&T SportsNet ); WarnerMedia Sales & Distribution (consisted of digital media company Otter Media ); and WarnerMedia Direct (consisted of the HBO Max streaming service). Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until 2018, when the company was renamed WarnerMedia after it

11346-463: The potential for such on-demand programming as movies, sports, news, advertising, shopping, education, games, music and more. This knowledge, and having it before anyone else, will give us a competitive advantage ... Over the long term, the FSN opens a whole new world of distribution opportunities for every division of Time Warner. It will challenge us to do more of what we do best: create the most innovative information and entertainment content anywhere in

11468-529: The print media in the Time, Inc. division under Don Logan . Furthermore, CEO Parsons' democratic style prevented Pittman from exercising authority over the "old-guard" division heads who resisted Pittman's synergy initiatives. Pittman resigned as AOL Time Warner COO after July 4, 2002, being reportedly burned out by the AOL special assignment and almost hospitalized, unhappy about the criticism from Time Warner executives, and seeing nowhere to move up in firm as Parsons

11590-481: The producer of the world's first device to be called a personal computer: the Hewlett-Packard 9100A , introduced in 1968. HP called it a desktop calculator because, as Hewlett said: "If we had called it a computer, it would have been rejected by our customers' computer gurus because it didn't look like an IBM . We therefore decided to call it a calculator, and all such nonsense disappeared." An engineering triumph at

11712-459: The remote control. The drawback: the cost of set top-boxes was extremely high in the 1990s (over $ 1000.) According to Gerald M. Levin, chairman and CEO of Time Warner at the time, the FSN was part of the company's strategy for driving the growth of its copyright businesses: We are the largest creator and distributor of copyrights in the world, and as the first to deploy the FSN – an entirely new distribution channel – we can now accurately assess

11834-573: The reorganization, which was described by The Wall Street Journal as being intended to end "fiefdoms". Turner Podcast Network, formed within Turner Content Distribution in 2017, became WarnerMedia Podcast Network by May 2019. In May 2019, Kevin Reilly signed a four-year extension of his contract with the company, which additionally made him president of TruTV (alongside the other three WarnerMedia Entertainment basic cable networks), and chief content officer of direct-to-consumer for

11956-449: The same umbrella as AT&T's telecommunication holdings, including satellite provider DirecTV . The deal faced criticism for the possibility that AT&T could use Time Warner content as leverage to discriminate against or limit access to the content by competing providers. On February 15, 2017, Time Warner shareholders approved the merger. On February 28, Federal Communications Commission (FCC) chairman Ajit Pai refused to review

12078-460: The services of FSN were made available for the general public to check out at Walt Disney World 's Epcot Center Innoventions expo, where "Five stations are available for guests to interact with the television through the network's Carousel(tm) navigator." Michael Colglazier, General Manager of Innoventions , qualified the technology as life changing, and was very pleased to offer the Disney's guests

12200-468: The significance of the alliance and also key letters from the two companies H ewlett- P ackard and Compa q (the latter company being famous for incorporating the letter "Q" on its logo for all of their products). HP then went on to become a major producer in desktop computers , laptops, and servers for many different markets. Mscape was a mobile media gaming platform that could be used to create location-based games originating in 2002. HP released

12322-566: The small company Dynac to specialize in digital equipment. The name was picked so that the HP logo could be turned upside down to be a reflected image of the logo of the new company. Dynac was eventually renamed Dymec and folded back into HP in 1959. HP experimented with using Digital Equipment Corporation (DEC) minicomputers with its instruments, but entered the computer market in 1966 with the HP 2100 / HP 1000 series of minicomputers after it decided that it would be easier to build another small design team than deal with DEC. The minicomputers had

12444-402: The standard format for home video in the late 1990s and early to mid-2000s. In 1999, HBO became the first national cable television network to broadcast a high–definition version of its channel. In January 2000, America Online (AOL) stated its intentions to purchase Time Warner Entertainment for $ 183 billion. Due to the larger market capitalization of AOL, their shareholders would own 55% of

12566-486: The time, the logic circuit was produced without any integrated circuits , and the CPU assembly was entirely executed in discrete components. With CRT display, magnetic-card storage, and printer, the price was around $ 5,000. The machine's keyboard was a cross between the keyboard of a scientific calculator and the keyboard of an adding machine. There was no alphabetic keyboard. Apple co-founder Steve Wozniak originally designed

12688-493: The two companies were to merge. During the summer of 1989, Paramount Communications (then Gulf+Western ) launched a $ 12.2 billion hostile bid to acquire Time Inc. in an attempt to end a stock-swap merger deal between Time Inc. and Warner Communications. Time Inc. raised its bid to $ 14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time Warner merger. The court ruled twice in favor of Time Inc., forcing Paramount to drop both

12810-556: The venture a year later to the original iteration of Viacom , which renamed it MTV Networks (now known as Paramount Media Networks). In 1982, Warner purchased Popular Library from CBS Publications . By the mid to late 1980s, Warner began to face financial difficulties. From 1976 to 1984, Warner Communications owned Atari, Inc. , but suffered substantial losses due to the video game crash of 1983 , and had to spin them off in 1984. Taking advantage of Warner Communications' financial situation, Time Inc. announced on March 4, 1989, that

12932-592: The world's first handheld scientific electronic calculator in 1972 (the HP-35 ), the first handheld programmable in 1974 (the HP-65 ), the first alphanumeric, programmable, expandable in 1979 (the HP-41 C), and the first symbolic and graphing calculator, the HP-28C . Like their scientific and business calculators, HP oscilloscopes , logic analyzers , and other measurement instruments had

13054-615: The world. The FSN's first households were plugged-in in December 1994 in Orlando, Florida. According to the Hong Kong University of Science and Technology , the city of Orlando was chosen because of its worry-free weather, the fact that it was Time Warner Cable's second largest division and because it already featured fiber-optic network installations (which would reduce implementation costs.) The city's high growth demographics, with large percentages of households with children, complemented

13176-408: Was acquired by AT&T. On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $ 85.4 billion (or $ 108.7 billion when including assumed Time Warner debt), valuing the company at $ 107.50 per share. The proposed merger was confirmed on June 12, 2018, after AT&T won an antitrust lawsuit that the U.S. Justice Department filed in 2017 to attempt to block

13298-474: Was an American multinational mass media and entertainment conglomerate owned by AT&T . It was headquartered at the 30 Hudson Yards complex in New York City . It was established as Time Warner in 1990, following a merger between Time Inc. and Warner Communications. The company had film, television and cable operations. Its assets included WarnerMedia Studios & Networks (which consisted of

13420-450: Was considered a potential source of scrutiny for the deal, as Trump had repeatedly criticized the network for how it covered his administration , and stated during his campaign that he planned to block the acquisition because of the potential impact of the resulting consolidation. Following his election, however, his transition team stated that the government planned to evaluate the deal without prejudice. On November 8, 2017, reports of

13542-473: Was eventually elevated to President of Programming at HBO and Cinemax in May 2016—added oversight of WarnerMedia's basic cable networks and HBO Max to his purview. In October 2020, it was announced that the company was planning to execute over a 1,000 job cuts in order to reduce costs. WarnerMedia plans to reduce costs by at least 20% in order to deal with the profit shortage caused by the COVID-19 pandemic . As

13664-404: Was firmly entrenched as CEO. Pittman's departure was seen as a great victory to Time Warner executives who wanted to undo the merger. In a sign of AOL's diminishing importance to the media conglomerate, Pittman's responsibilities were divided between two Time Warner Entertainment veterans; Jeffrey Bewkes who was CEO of Home Box Office, and Don Logan who had been CEO of Time. Logan became chairman of

13786-424: Was initially reported by The Boston Globe , and it triggered an inquiry by the U.S. Securities and Exchange Commission (SEC). HP responded that products worth US$ 120 million were sold in fiscal year 2008 for distribution via Redington Gulf, a company based in the Netherlands, and that as these sales took place through a foreign subsidiary, HP had not violated sanctions. HP named Redington Gulf "Wholesaler of

13908-441: Was known as HP Enterprise Services (now known as DXC Technology ). On November 11, 2009, 3Com and Hewlett-Packard announced that the latter would be acquiring 3Com for $ 2.7 billion in cash. The acquisition was one of the biggest in size among a series of takeovers and acquisitions by technology giants to push their way to become one-stop shops. Since the beginning of the financial crisis in 2007, tech giants have constantly felt

14030-518: Was launched on May 27, 2020. In September 2019, Stankey was promoted to AT&T president and chief operating officer. By April 1, 2020, former Hulu chief Jason Kilar took over as WarnerMedia CEO. In August 2020, the company had a significant restructuring laying off around 800 employees including around 600 from Warner and 150+ from HBO. At WarnerMedia's Atlanta base, marketing and cable operations teams were particularly affected. On August 10, 2020, WarnerMedia restructured several of its units in

14152-424: Was preceded by a proxy fight in 2001 with numerous large HP shareholders as well as the sons of the co-founders, with Bill Hewlett's son Walter objecting to the merger, only approving it reluctantly. HP's pre-merger ticker symbol was "HWP". After the merger with Compaq, the new ticker symbol became "HPQ", which was announced on May 6, 2002. "HPQ" is a combination of the two previous symbols, "HWP" and "CPQ", to show

14274-534: Was ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. On February 10, 1972, the entertainment assets of the Kinney National Company were reincorporated as Warner Communications due to a financial scandal involving price fixing in its parking operations. Warner Communications served as the parent company for Warner Bros. Pictures , the Warner Music Group (WMG), Warner Books and Warner Cable during

14396-477: Was reported that AT&T was in talks to acquire Time Warner. The proposed deal would give AT&T significant holdings in the media industry. AT&T's competitor Comcast had previously acquired NBCUniversal in a similar bid to increase its media holdings, in concert with its ownership of television and internet providers. On October 22, 2016, AT&T reached a deal to buy Time Warner for $ 85.4 billion. The merger would bring Time Warner's properties under

14518-449: Was reported that AT&T was in talks with Discovery, Inc. —which primarily operated television channels and platforms devoted to non-fiction and unscripted content—for it to merge with WarnerMedia, forming a publicly traded company that would be divided between its shareholders. The proposed spin-off and merger was officially announced the next day, which is to be structured as a Reverse Morris Trust . AT&T shareholders would receive

14640-406: Was succeeded by Lewis E. Platt , and in 1993 and Hewlett and Packard stepped down from the board with Platt succeeding Packard as chairman. In 1993, HP acquired Advanced Design System from Pathwave. The ADS suite of RF simulation tools was spun off into Agilent in 1999 along with related T&M business units, all of which were carried forward into the spinoff of Agilent into Keysight. Later in

14762-413: Was the FSN partner. The service offered users the chance to order pizza, drinks and other products from the chain's menu using their remote. This, according to Pizza Hut 's spokesperson, Chris Romoser, represented an advantage for everyone involved: users had to press fewer buttons on their remote control than they would have to dialing for delivery, and less restaurant-employee time will be required for

14884-410: Was the largest initial public offering in the history of Silicon Valley , and it created an $ 8 billion company with about 30,000 employees, manufacturing scientific instruments , semiconductors , optical networking devices, and electronic test equipment for telecom and wireless, research and development , and production. In July 1999, HP appointed Carly Fiorina as the first female CEO of

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