Article Abstract:
After Time Warner cut off the Walt Disney Co.'s ABC network the week of May 1, 2000, the mass media industry is wondering which media conglomerate will be the gatekeeper of the digital future. With the planned merger of Time Warner and America Online Inc., the company would control 20 million Internet accounts and 13 million cable subscriptions. With the Internet virtually unregulated, the merged company can influence digital distribution of music, interactive TV and high-speed Internet access via cable.
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Article Abstract:
Shareholders of both companies voted to approve the planned merger of America Online and Time Warner, but the merger must still be approved by the Federal Communications Commission, the Federal Trade Commission and the European Union, not to mention municipal authorities in cities where Time Warner has cable TV services. The European Union expects to take four months to review the deal.
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Article Abstract:
Worries of Internet domination are behind the government's list of conditions it would impose on the proposed $165 billion merger between America Online Inc. and Time Warner Inc. Competitors, consumer groups and the government want the merged entity, AOL Time Warner, to allow other companies' access to its high-speed Internet services through its cable television systems.
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