Attachment Exhibits E and F

This document pretains to SES-T/C-20131205-01189 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2013120501189_1029613

                                                                              Global Digital Media Xchange
                                                                                         FRN: 0010253938
                                                                                          December 5, 2013
                                                                                             FCC Form 312

         DESCRIPTION OF TRANSACTION AND PUBLIC INTEREST STATEMENT

This application seeks FCC approval for a pro forma transfer of control of Global Digital Media
Xchange that results from the conversion of one of its controlling corporate parents, Warner
Communications Inc. (“WCI”), from a corporation to a limited liability company. This change in
control is pro forma because at all times WCI, WCI’s successor form of entity, Warner Communications
LLC (“WC LLC”), and Global Digital Media Xchange remain under the ultimate 100 percent ownership
and control of Time Warner Inc. (“TWI”), and Global Digital Media Xchange, WCI, and the new form
of legal entity into which it converts, WC LLC, will have the same ownership, assets, and liabilities.1
The complete circumstances of this internal reorganization are briefly set forth below.

Global Digital Media Xchange is an indirect, wholly-owned subsidiary of WCI, a corporation organized
under the laws of Delaware. As shown in the attached organizational diagram, WCI is a wholly-owned
subsidiary of Historic TW Inc. (“HTW”). HTW is directly majority-owned and controlled by Time
Warner Inc (“TWI”), and TWI indirectly owns the remaining equity of HTW. WCI and Turner
Broadcasting System, Inc. (“TBS”) directly holds shares of HTW, but neither WCI nor TBS control
HTW. Both WCI and TBS are indirect, wholly-owned subsidiaries of TWI.

On or after December 31, 2013, WCI will be converted to a limited liability company organized under
the laws of Delaware and become WC LLC. After that conversion is completed, WC LLC will
distribute the shares of HTW that it holds to HTW. The distribution of the shares of HTW held by WC
LLC to HTW will increase the direct ownership of HTW held by TWI, but the ownership of HTW
distributed by WC LLC will not be a controlling interest in HTW; rather, the controlling interest (and
ultimate 100 percent equity ownership) of HTW will at all times be held by TWI. Hence, no transfer of
control will occur as a result of WC LLC’s distribution of HTW shares to HTW. Grant of this
application will serve the public interest because it will enable TWI to streamline its ownership of
Global Digital Media Xchange.

Note: Global Digital Media Exchange holds two additional earth station authorizations under a second
FRN (0008028789), call sign E130074 (transmit-receive), and E130072 (receive only). Under that
FRN, the licensee’s name was listed as “Global Digital Media Xchange Inc.” These two FRNs are in
fact associated with the same legal entity, but the licensed facilities are at different locations. The name
listed in the FCC’s records for each FRN has been used in the FCC Form 312 and attachments filed
using the FRN.




1
        See In re FCBA’s Petition for Forbearance from Section 310(d) of the Communications Act
Regarding Non-Substantial Assignments of Wireless Licenses and Transfers of Control Involving
Telecommunications Carriers, 13 FCC Rcd 6293, ¶ 8 (1998) (pro forma transactions include those
involving a “corporate reorganization which involves no substantial change in the beneficial ownership
of the corporation”).


                                                                          Global Digital Media Xchange
                                                                                     FRN: 0010253938
                                                                                      December 5, 2013
                                                                                         FCC Form 312


                               POST-TRANSACTION OWNERS
                           OF GLOBAL DIGITAL MEDIA XCHANGE
Warner Bros. Technical Operations Inc.
Address: 4000 Warner Blvd., Burbank, CA 91522
Citizenship: U.S.
Primary Business: Holding Company

Warner Bros. Enterprises LLC
Address: 4000 Warner Blvd., Burbank, CA 91522
Citizenship: U.S.
Primary Business: Holding Company

Warner Bros. Entertainment Inc.
Address: 4000 Warner Blvd., Burbank, CA 91522
Citizenship: U.S.
Primary Business: Holding Company

Warner Communications LLC
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Holding Company

Historic TW Inc.
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Holding Company

Time Warner Inc.
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Media

No entity or individual owns ten percent or more of the equity of Time Warner Inc.


                      Pre-Transaction Structure




                              Time Warner
                                  Inc.




                         83.26%




                          Historic TW Inc.


                                                          10.23%
6.51%
            100%                             100%




        Turner Broadcasting             Warner
           System, Inc.             Communications Inc.




                                                  100%


                                      Warner Bros.
                                    Entertainment Inc.




                                                  100%


                                      Warner Bros.
                                     Enterprises LLC




                                                  100%

                                      Warner Bros.
                                       Technical
                                     Operations Inc.



                                                  100%

                                      Global Digital
                                     Media Xchange


                      Post-Transaction Structure




                              Time Warner
                                  Inc.



                       92.75%




                           Historic TW Inc.



7.25%
               100%
                                              100%




        Turner Broadcasting             Warner
           System, Inc.             Communications LLC




                                                   100%



                                       Warner Bros.
                                     Entertainment Inc.




                                                   100%




                                       Warner Bros.
                                      Enterprises LLC




                                                   100%



                                       Warner Bros
                                        Technical
                                      Operations Inc.




                                                   100%



                                       Global Digital
                                      Media Xchange



Document Created: 2013-12-05 11:06:04
Document Modified: 2013-12-05 11:06:04

© 2024 FCC.report
This site is not affiliated with or endorsed by the FCC