Time Warner isn’t actually for sale (yet), but, according to the New York Post, Apple is a potential buyer. Why? An unnamed “senior tech insider” told the Post that the media company’s assets could ease the launch of a stand-alone streaming TV service.”
Not surprisingly, reps for Apple and Time Warner declined to comment. Time Warner Cable is an American cable telecommunications company. It’s the second largest cable company in the U.S. by revenue behind only Comcast, operating in 29 states.
According to Forbes, the company’s market cap, as of May 2015, was $70.8 billion. Apple has over $200 billion “in the bank” so could scoop up the media and entertainment company and still have a little cash left over for a rainy day.
Time Warner operates through Turner, Home Box office, Warner Bros and Time, Inc. business segments. The Turner segment consisting principally of cable networks and digital media properties. The Home Box Office segment consisting principally of premium pay television services domestically and premium pay and basic tier television services internationally.
The Warner Bros segment principally consisting of feature film, television, home video and videogame production and distribution. The Time, Inc. segment consisting principally of magazine publishing and related websites and operations. The company was founded on January 10, 1990 and is headquartered in New York, NY.
What do we know about Apple's rumored TV service, which I call Apple Web TV? The Wall Street Times says that Apple has talked — to no avail, so far — with programmers to offer a slimmed-down bundle of TV networks that will be available on Apple gadgets such as the Apple TV, iPad, and iPhone. Apple purportedly wants the service to offer about 25 channels for US$30 and $40 per month. Apple’s Web TV offering will reportedly be anchored by broadcasters such as ABC, CBS and Fox, but won’t include smaller channels typically included in a standard cable TV package.
The rumor mill says the original plan was for Apple Web TV to launch aside the fourth gen Apple TV. That didn’t happen, apparently because the company couldn’t hammer out deals with various TV networks and companies.