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You've Got Merger!

On Monday January 10, America Online (AOL) and Time Warner announced they will merge. AOL is the largest Internet service provider in the world, with over 20 million customers. AOL also owns Netscape Communications and Compuserve. Time Warner includes the WB television network; cable networks including HBO, CNN, and the Cartoon Network; as well as publications, including People, Sports Illustrated, Time, and Fortune; and Warner Brothers movie studio. Time Warner boasts 12 million cable subscribers and 28 million subscribers to Time Warner publications, which, with AOL, amounts to a customer base of nearly 100 million. With the announcement of the new AOL Time Warner company, the two companies's stocks initially fell almost ten percent on January 11. Internet and media analysts, however, are more concerned with the new merger's effects on media in the future. They believe that the AOL Time Warner company will revolutionize everything from the nature of television to how consumers buy music.
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2003-04-07 11:55:46
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2003-04-07 11:55:46
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