10 years later: the AOL-Time Warner merger
January 11, 2010 9:27 AM Subscribe
How the AOL-Time Warner Merger Went So Wrong
posted by zooropa (21 comments total)
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Interviews with the key players involved with the AOL-Time Warner merger about its euphoric rise and pitiful fall.
My opinion -- not a single one of these people (Steve Case, Jerry Levin, Bob Pittman, Ted Leonsis, et. al) takes any sort of responsibility. In fact, most of the Q&As are about how other people
screwed up. The Time Warner people believe that it was AOL's puffed-up hot air and lack of accountability that screwed the deal from panning out. The AOL people keep going on and on about the "culture" at Time Warner -- more or less calling the company and its executives luddites without actually directly doing so.
The choice quote comes from Ted Turner, who was the largest shareholder in Time Warner at the time: "I’d like to forget it. That’s what goes through my mind. I almost didn’t do this interview because I didn’t want to dig it up again. Let it pass into history. The Time Warner-AOL merger should pass into history like the Vietnam War and the Iraq and Afghanistan wars. It’s one of the biggest disasters that have occurred to our country."