# C_2006055EN.01005601.xml

| 7.3.2006 | EN | Official Journal of the European Union | C 55/56 |
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7.3.2006

EN

Official Journal of the European Union

C 55/56

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Prior notification of a concentration

(Case COMP/M.4142 — Time Warner/CBS/JV)

Candidate case for simplified procedure

(2006/C 55/20)

(Text with EEA relevance)

| 1. | On 24 February 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Warner Bros. Entertainment Inc., ultimately controlled by Time Warner Inc. (‘Time Warner’ USA), and CBS Corporation (‘CBS’, USA), controlled by Mr. Sumner Redstone acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company constituting a joint venture, The CW (‘CW’, USA), by way of contribution of assets. |
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1.

On 24 February 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Warner Bros. Entertainment Inc., ultimately controlled by Time Warner Inc. (‘Time Warner’ USA), and CBS Corporation (‘CBS’, USA), controlled by Mr. Sumner Redstone acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company constituting a joint venture, The CW (‘CW’, USA), by way of contribution of assets.

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| 2. | The business activities of the undertakings concerned are:






  — | for Time Warner: primarily active world-wide in the provision of online services, filmed entertainment, in the operation of cable systems and television networks, and publishing; |
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2.

The business activities of the undertakings concerned are:

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for Time Warner: primarily active world-wide in the provision of online services, filmed entertainment, in the operation of cable systems and television networks, and publishing;

| — | for CBS: mass-media company engaged in the production and delivery of television, radio and print publishing content in the US; |
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for CBS: mass-media company engaged in the production and delivery of television, radio and print publishing content in the US;

| — | for Mr. Sumner Redstone: individual, the owner of not only CBS but also Viacom, a company active in cable television, motion pictures and digital media platforms; |
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for Mr. Sumner Redstone: individual, the owner of not only CBS but also Viacom, a company active in cable television, motion pictures and digital media platforms;

| — | for CW: owner and operator of a free-to-air broadcast network in the US. |
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for CW: owner and operator of a free-to-air broadcast network in the US.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4142 — Time Warner/CBS/JV, to the following address:





  European Commission |
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| Competition DG |
| Merger Registry |
| J-70 |
| B-1049 Brussels |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4142 — Time Warner/CBS/JV, to the following address:

European Commission

Competition DG

Merger Registry

J-70

B-1049 Brussels

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(1)  OJ L 24, 29.1.2004, p. 1.

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(2)  OJ C 56, 5.3.2005, p. 32.

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