Media giant AOL Time Warner announced today that it will create a new TV networks group under the Turner Broadcasting System umbrella, which will include both Turner’s basic cable networks and The WB broadcast network. The division will be the world’s largest television networks group, the company said.
The expanded TV networks group will share advertising, marketing, program development and Internet resources. “Underscoring the promise of the AOL Time Warner merger, this realignment will enable the Company’s group of leading branded networks to accelerate its growth and extend its market leadership,” the statement said.
Jamie Kellner, the CEO and founder of The WB, will be chairman and CEO of Turner Broadcasting.
