The Long and the Short of It Events that shaped the deal in which a tech start-up might devour a venerable media empire founded in 1923. Warner Bros. Records is launched. Warner Communications Inc. Time launches Money magazine and pay-TV service Home Box Office.
People magazine is launched.
Time Warner launches Entertainment Weekly magazine. Steve Case founds America Online Inc. as Quantum Computer Services, an online service for owners of Commodore computers. America Online service is introduced for Macintosh computers. Name changed to America Online.