High Quality Content by WIKIPEDIA articles! Warner Communications was established in 1971 when Kinney National Company spun off its non-entertainment assets, due to a financial scandal over its parking operations and changed its name.It was the parent company for Warner Bros. Pictures and Warner Music Group during the 1970s and 1980s. It also owned DC Comics and Mad. Warner made (and later lost) considerable profits with Atari, which it owned from 1976 to 1984.In the 1970s, Warner formed a joint venture with American Express, named Warner-Amex Satellite Entertainment, which held cable channels like MTV, Nickelodeon and Showtime. Warner bought out American Express's half in 1984, and sold the venture a year later to Viacom, which renamed it MTV Networks.

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