SHARE
Facebook X Pinterest WhatsApp

Time Warner Plans Digital Media Investments

Written By
thumbnail
Cyrus Afzali
Cyrus Afzali
Dec 16, 1999

Media giant Time Warner Inc. Thursday announced it is establishing a $500 million fund that will invest in digital media companies.

The company plans to invest between $5 million and $20 million in each company. About half of the investments will be cash and the remainder will consist of promotion across Time Warner properties.

Richard Bressler, Time Warner Digital Media’s chairman, said investments would be made with an eye on increasing returns for shareholders and ensuring the companies fit with existing assets.

The announcement comes on the heels of several Internet-related investments, such as Healtheon/WebMD Corp. and OpenTV Corp.

In other news, Time Warner (TWX) and LookSmart Ltd. are expected to soon announce an alliance that will have LookSmart operating search engines across Time Warner’s properties.

According to The Wall Street Journal, the companies will share advertising revenue.

Recommended for you...

U.S. Needs to Protect Tech Leadership: Qualcomm
Rob Enderle
Apr 8, 2022
HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem
Rob Enderle
Mar 5, 2022
Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.
Rob Enderle
Dec 17, 2021
HP Builds an Advanced Cloud Workstation for the Metaverse
Rob Enderle
Nov 13, 2021
Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.