Time Warner Completes Court TV Purchase

16 May 2006

Media giant Time Warner has taken over Court TV, a cable and satellite channel which broadcasts live trials, crime dramas and investigative documentaries.

New York-headquartered TW, which bought a half-share in the channel in 1991, paid Liberty Media $735 million (£390mn; €572mn) for the remaining 50%.

Court TV reaches more than 80m subscribers and also runs website thesmokinggun.com, which brings together a range of interesting and unusual legal documents from the US.

The channel's ceo Henry Schleiff, who has been at the helm since 1998, will work on the move into TW's entertainment unit and remain as non-executive chairman.

TW chairman/ceo Richard Parsons says the acquisition "represents a strategic investment in one of Time Warner's most successful lines of business - our news and entertainment cable networks".

He adds: "We're confident that Court TV will continue its top-notch performance and become an important contributor to our growth."

Data sourced from USA Today.com; additional content by WARC staff