Word: aol
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Dates: during 2000-2009
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TIME.com ON AOL For the latest updates on the undecided presidential election, go to time.com
TIME.com ON AOL For a Q&A on voting, the Electoral College, who's paying for this recount and more, go to time.com
Walter is no stranger to electronic media. He helped bring TIME into the online world in 1992 with an early alliance with AOL, and he served as Time Inc.'s editor of new media before returning to take the top job at TIME. A native of New Orleans, Walter joined TIME in 1978 after stints at the Sunday Times of London and his hometown Times-Picayune/States-Item. He has held a series of key positions at TIME, including editor of the Nation section and assistant managing editor...
Before taking office, Middelhoff spent a year in the U.S., improving his English and trying to get to know every media bigwig in the States. He and AOL CEO Steve Case became good friends, and Case began to introduce Middelhoff around. Although he may have that steely look and the precision dress of a Frankfurt banker, his new media friends discovered Middelhoff to be a man of surprising charm and easy humor. That down-homeness may reflect his roots. He lives on a farm outside Gutersloh with his wife, five children, 45 cows and sheep, and a duck pond. "Thomas...
...January, the Bertelsmann train was sidetracked. Middelhoff's good friend Steve Case announced that AOL was buying Time Warner (TIME's parent company), and other media megamergers left little room for the big deal that might seal a No. 1 content position for Bertelsmann. The private Bertelsmann's board has a deep-rooted aversion to debt. So Middelhoff redoubled his efforts to reorganize the company around digital content and in one stroke sold off its stake in a string of companies before the dotcom meltdown. That netted an estimated $15 billion in cash ($8 billion from AOL Europe alone...