According to Columbia Journalism Review, Time Warner INC. has six categorized holdings. (HBO, Turner Broadcasting System, Warner Bros Entertainment, Time INC, Time Warner Investment Groups, and Time Warner Global Media Group.) I didn't realize how many things they own that I didn't even know they owned.
Some of their subsidiaries work together, such as Adult Swim and Cartoon Network. They both appear on the same channel, but Adult Swim comes on later at night. The only independent subsidiary I saw was Time Warner Global Media Group. It seemed that Turner Broadcasting System or Time INC had the most extensive synergy with a multitude of divisions. And the most extensive division was Cartoon Network.
I think synergy provides more/effective resources to deliver entertainment and news. Working together means that these subsidiaries can help out other subsidiaries if they need additional capital. Then the ones who aren't doing as well can trend upwards to the ones who are and increase profits for the company as a whole.
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