In 1989, these two communications companies merged, becoming a horizontally integrated powerhouse whose holdings included theme parks, publishing companies, a cable company, and a movie studio that was the prototype for the contemporary studio environment.

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Time Inc. and Warner Communications merged in 1989 to form Time Warner, a horizontally integrated company with diverse holdings across various media and entertainment sectors, including theme parks, publishing, cable, and film production.

In 1989, These Two Communications Companies Merged, Becoming a Horizontally