firm called Warner-Amex Satellite Entertainment, and eventually Warner Cable was renamed to Warner-Amex Cable. WAC would eventually create the QUBE interactive service until it was shut down in 1984. On June 25, 1984, it was announced that the channels would be spun off into a public-traded corporation known as MTV Networks Inc.; which was eventually purchased by Viacom International a year after. In December 1986, American Express sold its half ownership of Warner-Amex Cable back to Warner Communications; reverting the name to Warner Cable. In the late 1980s, Warner Communications, which was in financial trouble at the time, planned to merge with Time Inc; which would lead to ATC becoming a sibling to Warner Cable. Time Warner Cable In 1990, after a hostile takeover bid from Paramount Communications was rejected; Warner Communications officially merged with Time Inc. to create Time-Warner; ATC & Warner Cable would eventually become part of a new division known as Time Warner Cable Group. ATC would eventually be renamed to Time Warner Communications around the same time as well. Time Warner Cable Group would eventually be merged with Warner Cable & Time Warner Communications into a single division of Time Warner in 1992, utilizing the Time Warner Communications name until 1995, when it was renamed to Time Warner Cable. In 1995, the company launched the Southern Tier On-Line Community in Elmira, New York, a cable modem service later known as Road Runner High Speed Online. That year, talks began that would later result in Warner's acquisition of Paragon Cable. Glenn Britt (1949–2014) was the CEO from 2001 until December 2013. Time Warner retained Time Warner Cable as a subsidiary until May 26, 2010, when it was spun out as an independent company. Prior to the spin-out, Time Warner had held an 84% stake in Time Warner Cable. Non-TW shareholders received 0.083670 shares for each share already owned. This move made Time Warner Cable the largest cable operator in the United States owned solely by a single class of shareholders (without supervoting stock). Time Warner Cable launched DVR service in the Houston area in 2004. (TWC's Houston-area cable systems are now owned by Comcast, the parent company of NBCUniversal.) When first launched, it used Scientific-Atlanta set-top boxes with DVR. In June 2009, Time Warner Cable unveiled a concept known as "TV Everywhere"—a means of allowing multi-platform access to live and on-demand content from television channels that is