 The merger closed two days later, with the company becoming a subsidiary of AT&T.Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until AT&T's acquisition in 2018, after which it became WarnerMedia.The company's previous assets included Time Inc., TW Telecom, AOL, Time Warner Cable, Warner Books, and Warner Music Group; these operations were either sold to others or spun off as independent companies.