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Tele-Communications, Inc. (TCI) was a cable television provider in the United States, and for most of its history was controlled by Bob Magness and John Malone. The company was started in 1958 in Bozeman, Montana as Western Microwave, Inc. and Community Television, Inc., two firms with common ownership. [1]
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 ...
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."
By April 27, however, Charter had backed off its opposition to the deal after reaching a deal to acquire a portion of Time Warner Cable's subscribers as part of it. [5] Under the deal, Comcast would acquire Time Warner Cable by exchanging each of Time Warner Cable's current 284.9 million shares for 2.875 shares of Comcast's CMCSA stock. [6]
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 ...
After the merger, creating AOL Time Warner, factors like the dot-com recession greatly affected the company, leading to a historic $100 billion write-down. Levin resigned in 2002.
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.
The Department of Justice on Thursday filed a motion to appeal a court's approval of AT&T's $85 billion merger with Time Warner.