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A major footwear supplier to the Games, and no. 153 on this year's list, says it's not their job to address concerns over human rights in China. Watch
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Rank # of Fortune 500 Companies
Texas	58
New York	55
California	52

Company	Rank
Valero Energy	16
Goldman Sachs	20
Microsoft	44

See the rest

FAQ and methodology

Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More

Current Issue

100 Best Companies to Work For

FORTUNE 500

Our annual ranking of America's largest corporations

49 of 1000

49. Time Warner

Get Quote: TWX

Financials: Latest Results

Rank: 49 (Previous rank: 48)
Compare tool: Time Warner vs. Top 10
CEO: Jeffrey L. Bewkes
Address: 1 Time Warner Center
New York, NY 10019
Phone: 212-484-8000
Website: www.timewarner.com

New CEO Jeff Bewkes is trying to revive the share price of the entertainment giant (parent of both Fortune and CNNMoney.com) and make the company more profitable. In addition to splitting up AOL's advertising and Internet access business into separate divisions, he has indicated the possibility of combining AOL with another entity. Reports suggest AOL is in talks with Yahoo. This past February, the company announced that New Line Cinema would be folded into the Warner Brothers family to cut costs. Bewkes has also announced an intention to reduce the company's 84% stake in its cable subsidiary.

	$ millions	% change from 2006
Revenues	46,615.0	4.1
Profits	4,387.0	-33.0
Assets	133,830.0	—
Stockholders' equity	58,536.0	—
Market value (3/28/2008)	49,603.6	—

Profits as % of
Revenues	9.4
Assets	3.3
Stockholders' equity	7.5

Earnings per share
2007 $	1.17
% change from 2006	-24.5
1997-2007 annual growth rate %	N.A.

Total return to investors	%
2007	-23.2
1997-2007 annual rate	11.6

Industry: Entertainment

Rank	Company	500 rank	Revenues ($ millions)
1	Time Warner	49	46,615.0
2	Walt Disney	67	35,882.0
3	News Corp.	84	28,655.0


4	CBS	181	14,072.9
5	Viacom	191	13,495.5
6	Clear Channel Communications	339	7,363.5
7	Live Nation	539	4,185.0
8	Warner Music Group	615	3,385.0
9	Regal Entertainment Group	738	2,661.2
10	E.W. Scripps	768	2,518.5
11	AMC Entertainment	783	2,466.9
12	Univision Communications	838	2,196.0
13	Cinemark Holdings	978	1,682.8