Article Abstract:
Executives of AOL Time Warner would have a day-long meeting with stock analysts over the company's future. Chmn Steve Case and CEO Gerald Levin will have to convince analysts that they can produce $1 billion from the synergies of both companies, and increase cash flow by 30 throughout 2001. AOL Time Warner has seen its shares rise by 68% since the start of 2001, closing at $54.31 on Jan 30, 2001. The company could also make a major announcement at the meeting, ranging from raising its monthly fees by another dollar, or cross-marketing deals with major advertisers.
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Article Abstract:
Time Warner and EMI are planning a new merger plan that both companies say would be accepted by the European Commission Merger Task Force. Both companies abandoned a previous merger deal on Oct 5, 2000, over concerns that the task force would reject the deal since it might give Warner and EMI too much control over the prices and distribution of music recordings. EMI Group Chmn Eric Nicoli said a deal with Warner would provide the best opportunity for cost savings for the company.
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Article Abstract:
EMI Group and Time Warner's planned music joint venture remains murky amid conflicting reports on a possible fatal blow from a European Commissin antitrust committee. The unusual gathering will consider the joint venture deal as well as Time Warner's merger plan with America Online. A published report stated that the committee is determined to block the deal, fearing that the No 2 and No 5 music companies would have too much control of prices and distribution.
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