Word: aol
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Dates: during 2000-2009
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Necessity mothered the merger of AOL and Time Warner. TIME.com's new $350 billion parent company - AOL Time Warner - was unveiled Monday after the giants of the Internet and of traditional media negotiated the biggest merger in history. Each side had something the other badly needed: Time Warner recognizes that the future of an infotainment company is digital, but its attempts to stake its own claim on Internet real estate - a competitive CNN news site, an innovative Warner Brothers product and the failed Time Warner "Pathfinder" network - were unable to create the dominant presence the corporation enjoys in other media...