< PrevNext > 43. Time Warner New York City Share 2017 U.S.-Booked Air Volume: $94 millionConsolidated Global TMC: BCD BTN estimates Time Warner's U.S.-booked air volume increased about 2 percent in 2017. AT&T acquired entertainment and media conglomerate Time Warner in June 2018, 20 months after the proposed acquisition was announced. Time Warner today exists as WarnerMedia, an AT&T subsidiary. Before the acquisition closed, several Time Warner subsidiaries—including HBO, Turner and Warner Bros.—operated separate but collaborative travel programs. Time Warner's revenue increased about 6.7 percent in 2017 to about $31.3 billion. Selling, general and administrative expenses increased 6.1 percent to $5.4 billion. The company had 26,000 employees at the end of 2017, about 1,000 more than it had 12 months earlier.