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Gerald M. Levin (May 6, 1939 – March 13, 2024) was an American media businessman. Levin was involved in brokering the merger between AOL and Time Warner in 2000, at the height of the dot-com bubble, a merger which was ultimately disadvantageous to Time Warner and described as "the biggest train wreck in the history of corporate America."
As Discovery combines with Warner Bros., it will mark an end to one of the most disastrous mergers in media history, perhaps second only to the AOL/Time Warner union in 2000.
Time Inc. and Warner Communications were planning to merge. Time wished to get more into the television business with its HBO channel, and wanted Warner Communications's help. Then, Paramount made an offer to all the shareholders of $200 per share (up from an initial $175). Time shares had been trading at $120.
Turner Classic Movies (TCM) is an American movie-oriented pay-TV network owned by Warner Bros. Discovery.Launched in 1994, Turner Classic Movies is headquartered at Turner's Techwood broadcasting campus in the Midtown business district of Atlanta, Georgia.
2000: America Online merges with Time Warner. While the "marriage" didn't last, it was biggest corporate merger in history at the time. While the "marriage" didn't last, it was biggest corporate ...
The final big deal in the U.S. cable industry, which has been dwindling in recent years thanks to streaming services, might have just taken place.
Three years later, TBS Superstation began airing WCW Thunder. On October 10, 1996, Turner Broadcasting System merged with Time Warner Entertainment, a company formed in 1990 [23] by the merger of Time Inc. and Warner Communications, [24] and which had held 20% of Turner Broadcasting System in the past. [25]
The AOL Time Warner merger of 2000 created a $160 billion colossus that fused America Online, the dominant Internet-access business of the 1990s, with Time Warner, the traditional media mammoth.