Timeline: Time Warner

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Leadership Award: Jeffrey Bewkes

1918 -- Harry, Albert, Sam and Jack Warner open a studio on Sunset Boulevard in Hollywood and release the first Warner Bros. film, "My Four Years in Germany."

1922 -- Former Yale Daily News colleagues Briton Hadden and Henry R. Luce begin plotting a news-oriented magazine they tentatively title Facts. The duo borrows $100,000 in seed money for what becomes Time magazine.

1923 -- Warner Bros. incorporates.

1927 -- At 25, Charles Lindbergh is named Time's first Man of the Year. He remains the youngest person ever to receive the distinction.

1927 -- Warner Bros. revolutionizes the movie industry with "The Jazz Singer," the first feature to boast musical numbers and synchronized dialogue. The brothers miss the New York premiere when Sam dies the night before.

1930 -- Fortune magazine is launched with an unheard of cover price of $1. The amount was randomly added by the magazine's art director for the mockup and mistakenly never changed.

1938 -- "The Life of Emile Zola" wins Warner Bros. its first best picture Oscar.

1940 -- Bugs Bunny appears in the Merrie Melodies' cartoon "A Wild Hare." His catch phrase, "What's Up Doc," becomes part of the lexicon.

1952 -- Jeffrey Bewkes is born on May 25 in Paterson, N.J., to a lawyer and corporate executive.

1954 -- Luce acts on his dream to create the ultimate sports magazine by buying the name Sports Illustrated for $10,000. It takes 12 years for the publication to turn a profit.

1958 -- Spurred by the success of Tab Hunter's No. 1 hit "Young Love," Warner Bros. forms Warner Bros. Records.

1963 -- Frank Sinatra sells control of his Reprise Records to Warner Bros. Records.

1964 -- Looking to liven things up during the slow winter months, Sports Illustrated publishes its first swimsuit edition. The bikini explodes in popularity.

1967 -- Seven Arts Prods., founded by producers Ray Stark and Eliot Hyman, gains control of Warner Bros. by buying Jack Warner's interest for $32 million. The company is renamed Warner Bros.-Seven Arts.

1967 -- Luce dies at the age of 68. At the time, his share of Time Inc. is reported to be worth more than $100 million.

1967 -- Kinney National Services, headed by Steve Ross, acquires National Periodical Publications (DC Comics).

1969 -- Talent agent Ted Ashley urges Ross to buy Warner Bros.-Seven Arts. Ashley is put in charge of the movie studio.

1970 -- Ted Turner buys Atlanta UHF TV station WJRJ and relaunches it as WTCG (Turner Communications Group).

1972 -- Kinney changes the name of Warner Bros.-Seven Arts to Warner Communications. With Ross serving as CEO, president and chairman, the company grows into a media powerhouse.

1972 -- With financial backing from Time Life, Charles Dolan launches Home Box Office.

1974 -- Expanding on the people page from Time, Dick Durrell and Matthew Maynard create the celebrity-oriented People Magazine. Mia Farrow graces the first issue.

1979 -- Fresh from Stanford Business School and Citibank, Bewkes joins HBO as a sales and marketing representative.

1980 -- 1.7 million cable subscribers access the first 24-hour news network CNN.

1983 -- Steve Case joins Control Video Corp., a fledgling online gaming service, as a marketing consultant.

1985 -- Control Video evolves into Quantum Computer Services, an Internet bulletin board system.

1989 -- The same year Warner Bros.' "Batman" packs multiplexes, Ross engineers a $14 billion deal to merge Warner Communications and Time Inc. The new empire is dubbed Time Warner. Ross emerges as COO.
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