In 1987, Lorimar-Telepictures's production arm became Lorimar Television; however, the L-T distribution business remained until 1989. In January 1989, Lorimar was purchased by Warner Communications, which was merging in March that year with Time Inc. to form Time Warner (now WarnerMedia), one of the world's largest media companies, now headquartered in the Time Warner Center in New York City. Lorimar's distribution business was folded into Warner Bros. Television Distribution and became Warner Bros. Domestic Television Distribution; since then, the Telepictures name has been resurrected as both a production company (circa 1990), and once again as a syndication company (1996, after the Turner merger).