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AOL began in 1983, as a short-lived venture called Control Video Corporation (CVC), founded by William von Meister.Its sole product was an online service called GameLine for the Atari 2600 video game console, after von Meister's idea of buying music on demand was rejected by Warner Bros. [8] Subscribers bought a modem from the company for $49.95 and paid a one-time $15 setup fee.
Due to the larger market capitalization of AOL, their shareholders would own 55% of the new company while Time Warner Entertainment shareholders owned only 45%, [46] so in actual practice AOL had merged with Time Warner Entertainment, even though Time Warner Entertainment had far more assets and revenues. Time Warner Entertainment had been ...
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 2001, AOL merged with Time Warner to become AOL Time Warner. Due to the larger market capitalization of AOL, it gained ascendancy in the merger, with its executives largely displacing Time Warner's despite AOL's far smaller assets and revenues. AOL was spun off as its own independent company from Time Warner in 2009.
America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...
He also removed the AOL from the merged company’s name, restoring Time Warner’s dominance of the corporation, Parsons would step down from the company as CEO and chairman, respectively, in ...
Michael J. "Mike" Kelly (born 1957) [1] is an American entrepreneur and media executive. He is the co-founder and CEO of KNV, a digital media investment and advisory firm. Prior to that, he was the president and CEO of The Weather Channel Companies, president of AOL Media Networks, and also held various executive positions at Time Warner and
Companies that were formerly owned by Time Warner (formerly Warner Communications, Time-Warner, AOL Time Warner and later, WarnerMedia), but were sold by the company before its merger with Discovery, Inc. as Warner Bros. Discovery. For companies sold or dissolved after 2022 under WBD ownership, see Category:Former Warner Bros. Discovery ...