AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
For New AOL,Rocky Year One Time Warner Marriage The big media properties forced to cut staff amid slow ad, subscriber growth.(INTERNET & TECHNOLOGY)
Byline: DOUG TSURUOKA
The wedding was a long time in coming, but America Online and Time Warner joined hands on Jan. 11 after last-minute talks eased government doubts about the deal.
The merger of the biggest online service and the biggest media firm, worth $112 billion at the time, was the largest in history. It capped a year of wrangling in Washington that drew in regulators, executives of both firms and critics of the deal. The union was first proposed on Jan. 10, 2000.
"This is a historic moment for consumers everywhere, and a tremendous step toward our goal of becoming the world's most respected and valued company," Steve Case, chairman of AOL Time Warner, said in a statement.
But the newlyweds had a rough honeymoon. The new company was soon coping with a recession that hit old and new media alike.
Brighter Days Year Ago
By year-end, AOL Time Warner Inc. had laid off thousands of workers in restructurings. It also cut its earnings targets for 2001 amid the worst ad slump in 30 years. Subscriber growth at its online unit also slowed.
- AOL Time Warner Inc.
- Reference information from: International Directory of Company Histories January 1, 2004 700+ words
...merger of AOL and Time Warner in 2001 brought together...20th century, grouping Warner Bros, (cinema), Time...cable television), and AOL (online services...dominant players. The Warner brothers —...Youngstown, Ohio. The Warners tried their hand at a...
- AOL Time Warner Kicks Off Long-Range Mentoring Campaign as Part of National...
- Press release article from: Business Wire January 25, 2002 700+ words
...Divisional Employee Programs Bring AOL Time Warner Mentors to Communities Across the Country AOL Time Warner and the AOL Time Warner Foundation...follows this release. About AOL Time Warner AOL Time Warner is the world's first...
- AOL Time Warner Foundation Names Board of Directors.
- Press release article from: Business Wire March 12, 2001 700+ words
...WIRE)--March 12, 2001 The AOL Time Warner Foundation today named the 15 members...Chair of the Board) Chairman, AOL Time Warner Inc. Kathy Bushkin (President...to technology. About AOL Time Warner AOL Time Warner (NYSE: AOL) is the...
- AOL Time Warner and Comcast Report Successful Completion of Time Warner...
- Press release article from: Business Wire March 31, 2003 700+ words
...BUSINESS WIRE)--March 31, 2003 AOL Time Warner Inc. (NYSE: AOL) and Comcast...Entertainment Company, L.P. (TWE). AOL Time Warner's Chief Executive Officer Dick...accounting purposes. About AOL Time Warner AOL Time Warner is the world's leading...
- AOL Defends Bid to Buy Time Warner.(Knight Ridder/Tribune Business News)
- Newspaper article from: Knight Ridder/Tribune Business News Glanz, William July 27, 2000 700+ words
...raft of objections that the new AOL Time Warner could dominate cable television...regulators must place conditions on the AOL Time Warner deal because the new company would...announcement that it planned to buy Time Warner, AOL stopped seeking laws forcing open...
- AOL Time Warner and Royal Philips Electronics Announce Global Strategic...
- Press release article from: Business Wire July 12, 2001 700+ words
...New E-Commerce Platforms, Incorporating AOL Time Warner Content and Services AOL Time Warner (NYSE: AOL) and Royal Philips Electronics...connected world of the Internet." About AOL Time Warner AOL Time Warner (NYSE: AOL) is the world's...
- AOL-Time Warner Deal Likely to Yield Variety of Converged Products.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Kong, Deborah January 11, 2000 700+ words
...media and entertainment giant Time Warner by AOL, the world's biggest online...ICQ and Winamp to promote the new AOL Time Warner Inc. With a wide-ranging audience...With its acquisition of Time Warner, AOL also gets access to its cable companies...
- AOL Time Warner Honors Curt Romenesko of Time Warner Cable With Andrew Heiskell...
- Press release article from: PR Newswire June 22, 2001 700+ words
...20th Year - Are Highest Honor For AOL Time Warner Employees NEW YORK, June 22 /PRNewswire/ -- AOL Time Warner (NYSE: AOL) today honored Curt...recipients of the award. About AOL Time Warner AOL Time Warner (NYSE: AOL) is the...
