AOL-TimeWarner
time warner earnings

The $160 billion AOL-Time Warner merger, hailed as a dream marriage old and new media, quickly fizzled with the Internet bubble. Subscribers to AOL's stodgy dial-up business defected to broadband. Advertisers abandoned AOL (AOL) in droves. The promised synergies between the two divisions, like selling each other's advertising and sharing content, never really materialized. Eventually, amid a depressed stock price, the combined company split up (disclosure: Fortune magazine is owned by Time Warner (TWX, Fortune 500)).


  @FortuneMagazine - Last updated May 21 2013 10:10 AM ET
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