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Leon ruled that the Department of Justice had failed to show that the Time Warner media properties would gain unfair leverage over the marketplace after becoming part of the AT&T conglomerate, or that media consumers would be harmed, or that AT&T would use its control of telecommunications delivery networks to discriminate against other ...
Parsons joined Time Warner as president in 1995 after serving as chairman and chief executive of Dime Bancorp Inc., one of the largest U.S. thrift institutions.
Richard D. Parsons, a pioneering Black business executive who led Time Warner after its disastrous merger with AOL and had a hand in untangling some of the media industry’s knottiest dilemmas ...
Dick Parsons, an American businessman who led Time Warner and helped iconic US companies navigate tough circumstances, has died at 76. A prominent Black business executive, Parsons was known for ...
The merger was seen as a perfect fit: Warner's business was 40 percent international while Time's business was 91% percent domestic; Warner had no magazines while Time had 23 titles; Warner had the world's largest record business while Time was not involved in music; and both were big in the capital intensive cable business where economies of ...
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."
In 2002, AOL Time Warner reported nearly $100 billion in losses, at the time the largest annual loss in history, according to the 2003 Fortune 500 list. The company never fully recovered after the ...
The failure of the AOL-Time Warner merger is the subject of a book by Nina Munk entitled Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner (2005). A photo of Case and Time Warner's Jerry Levin embracing at the announcement of the merger appears on the cover. In 2005, Case wrote in The Washington Post that "It's now my ...
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