Other fun fact about AOL/Time Warner merger: Colin Powell made $10 million when the two companies merged. Powell's son, Michael, was chairman of the FCC board that facilitated the merger.
Dan --- In scifinoir2@yahoogroups.com, Gerald Haynes <efhay...@...> wrote: > > Wow, there's a lot of Comcast hate on this list. I'm glad I don't have them > as an option here in SC! > > A lot of people forget that AOL actually bought Time Warner. Back then, they > was making money hand over fist mainly due to the lack of ISP's in rural or > non-metropolitan areas. Back then, AOL was the world's largest ISP, in fact, > I still used them until about 6 years ago. AOL hung on for a while longer > because a lot of people didn't know about or couldn't afford broadband. Once > the telco's and cable companies started offering broadband at "decent" > prices, AOL died on the vine. As usual, AOL execs are at fault because they > didn't see the obvious coming and waited too late to change the business > model. Frankly, I'm surprised shareholders allowed the companies to stay > merged for so long. > > Gerald Haynes > http://thesmallfries.com - Calvin & Hobbes who? > http://dontarrestus.com - Latino based sci-fi comic strip fun > > > > > ________________________________ > From: Mr. Worf <hellomahog...@...> > To: scifinoir2@yahoogroups.com > Sent: Mon, December 7, 2009 4:04:56 PM > Subject: Re: [scifinoir2] You've Got Freedom: AOL ends ties with Time Warner > > > I remember back when this happened. At the time it seemed like a good idea, > but I realized that most of the business people didn't have a clue how > internet companies worked or how they could grow an already active ISP. Its > like assuming that a French chef would know how to run a donut shop. Similar > fields but without the proper training the business would fall through. > > As time passed they started looking like the two entities were totally > incompatible. Time Warner eventually killed AOL. Maybe the same thing will > happen to comscum. > > > On Mon, Dec 7, 2009 at 9:44 AM, Kelwyn <ravena...@yahoo. com> wrote: > > Thus ends one of the biggest debacles of the internet bubble. > > > >http://www.business week.com/ ap/financialnews /D9CEHUC01. htm > > > >>You've Got Freedom: AOL ends ties with Time Warner > > > >>By RACHEL METZ > > > >>AOL is shaking loose from Time Warner Inc. and heading into the next decade > >>the way it began this one, as an independent company. Unlike the 1990s, > >>though, when AOL got rich selling dial-up Internet access, it starts the > >>2010s as an underdog, trying to beef up its Web sites and grab more > >>advertising revenue. > > > >>Despite a few bright spots in its portfolio of sites, such as tech blog > >>Engadget, AOL has a long way to go until Web advertising can replace the > >>revenue it still gets from selling dial-up Internet access. One especially > >>popular property, entertainment site TMZ, is a joint venture with a Time > >>Warner unit that will keep TMZ and its revenue after AOL splits off. > > > >>Now investors are getting a chance to place bets on AOL. On Wednesday, Time > >>Warner shareholders as of Nov. 27 will get one share of AOL for every 11 of > >>their Time Warner shares. The next morning, AOL CEO Tim Armstrong is set to > >>ring the opening bell at the New York Stock Exchange, and AOL will begin > >>trading under the ticker symbol of the same name -- the one it had when it > >>was known as America Online and used $147 billion worth of its inflated > >>stock to buy Time Warner in 2001. > > > > > > > > > > > >>------------ --------- --------- ------ > > > >>Post your SciFiNoir Profile at > >http://groups. yahoo.com/ group/scifinoir2 /app/peoplemap2/ entry/add? > >fmvn=mapYahoo! Groups Links > > > > > > > > > > > -- > Bringing diversity to perversity for over 9 years! > Mahogany at: http://groups. yahoo.com/ group/mahogany_ pleasures_ of_darkness/ >
