AOL and Time Warner to Merge
Monday January 10th, 2000
CNNfn is reporting that AOL and Time Warner have made public their plans to merge, with AOL shareholders getting 55% of the merged company, called AOL Time Warner.
Time Warner's boss will remain chief executive, and Steve Case of AOL will become the company's chairman.
As AOL rolls out their set-top and other technological initiatives this year, they can only benefit from being in the same corner as Time Warner, whose well known brands (HBO, Time Magazine, CNN, Turner Broadcasting Co.) could be brought into the fray for promotion and cross-marketing purposes. And since non-PC Internet devices will require not only cheap software, but scalable solutions (as Nokia and Intel have found), don't be surprised if you see Mozilla's name appearing in more and more press releases this year.
Thanks to onyo for the news.
WOW Finanly!!! I sugested a setatop box to AOL several years ago when Web-TV was still just a concept, and network PCs were all the rage. Although I don't perticularly like AOL, I think it's perfect for beginners who don't understand the internet. And set atop boxes are a perfect for beginner who don't understand computers. I think they should even take it a step further and port AOL to video game consels like Dreamcast and Playstation2 (which both have built in modems). That way they can send out millions of those free CDs to video game magazine subscribers and get a potentialy large chuck of an unclaimed audiance.
I don't see how anyone could be upset that AOL is getting bigger. I say let them get bigger, that way they will have more money that they might throw our way.