All Hitched Up and Ready to Go:Time Warner

Time Warner debuts as the world's largest media concern

The courtship lasted more than two years and survived a spectacular last- minute challenge from a jealous suitor. But last week the long-awaited corporate marriage finally took place. The result: Time Warner Inc., the world's largest information and entertainment company. The new giant, with 35,000 employees and $10 billion in revenues this year, will be a global contender in the fields of magazines, books, music, movies, TV programs and cable TV.

Time Warner came into existence last Monday after three Delaware Supreme Court judges delivered the final verdict in a seven-week battle that had riveted the attention of corporate America. Justice...

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