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WarnerMedia (formerly Time Warner Inc.), a Delaware corporation, is one of the world's largest media and entertainment companies. The merger of Warner Communications and Time Inc., effective in January 1990, along with a second merger in October 1996 with Turner Broadcasting System, built the base of the current corporation. On June 14, 2018, AT&T acquired Time Warner and renamed it WarnerMedia, two days after it won an antitrust lawsuit filed in 2017 by the United States Justice Department's Antitrust division to try to block the purchase.
WarnerMedia owns in 2018 three operative divisions, which operate at least partial television-related businesses.
- AOL, divested and spun off into a separate company in December 2009
- New Line Cinema, folded into Warner Bros. Entertainment in 2008
- Time, spun off on June 9, 2014; now owned by Meredith Corporation
- Time Warner Cable, divested and spun off into a separate company in March 2009