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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.
Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until 2018, when the company was renamed WarnerMedia after it was acquired by AT&T. [7] On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $85.4 billion (or $108.7 billion when including assumed Time Warner debt ...
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.
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.
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 ...
On October 22, 2016, AT&T disclosed an offer to acquire Time Warner for $108.7 billion, including assumed debt held by the latter company. The merger would bring Time Warner's various media properties, including The Cartoon Network, Inc., under the same corporate umbrella as AT&T's telecommunications holdings, including satellite provider DirecTV and IPTV/broadband provider AT&T U-verse.
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 ...