No replacement has been announced so far for Edward Adler, Time Warner Inc.’s Head of Communications, who will leave the company after spending more than 30 years in the same. During his tenure, he advised the Chief Executives Gerald Levin, Richard Parsons and Jeffrey Bewkes.

The largest and top ranked mail-order movie-rental service in the US, Netflix Inc. has managed to end the dispute and reach a new movie licensing agreement with Time Warner Inc.’s Warner Bros, which would give the studio a total of 28 days to sell new releases before customers can check out DVDs from the rental service.

On Thursday, at about midnight, nearly 13 million subscribers of Time Warner Cable Inc. were set to lose most of their Fox channels, unless the service provider managed to reach a last-minute deal to pay the demanded fees to News Corp to continue broadcasting the shows.

The world's largest entertainment house Time Warner Inc.'s earnings fell by 38% in third quarter.

Despite losses via AOL, which the firm plans to make a separate, publicly traded company by end of this year, the media giant topped analysts' expectations and raised its full-year earnings target to at least $2.05 a share, compared with a view initially of about $1.98.

New York-based Time Warner has purchased back Google's 5% stake in the stressed Internet company AOL, valuing the deal at US $283 million.

The price at which Time Warner repurchased the stake values AOL at approximately US $5.7 billion.

Time Warner has finally made a practical decision with regard to AOL - it intends spinning off AOL as an independent company by 2009-end! According to Time Warner, AOL as an independent entity will have a better chance of achieving its full potential in its specific media domain.

The proposed “consumption-based billing” plan by Time Warner Cable Inc has been put on hold after widespread criticism from users as well as some unidentified politicians. Glenn Britt, the company CEO, said that the implementation of the plan – under which users are to be charged an extra fee for Internet use beyond a set limit - has been delayed in some US states.

In a Thursday press release, Time Warner Cable said that it had applied the brakes on the testing of its seemingly-contentious "consumption-based billing" system for its broadband service.

According to an announcement by Time Warner's Chairman and CEO Jeff Bewkes, AOL will soon have a new Chairman and CEO - Tim Armstrong, the Senior Vice President of Google's sales business in North America and Latin America.

Viacom and Time Warner, facing a backlash from TV viewers furious at losing out on some of their favourite programmes like 'SpongeBob SquarePants' and 'Dora the Explorer', after Viacom threatened to pull 19 of its cable channels, including Nickelodeon, MTV, VH-1 and Comedy Central, have reached a new programming agreement, thus settling their contract dispute that expired at midnight on New Yea