Word: aol
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Dates: during 2000-2009
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Levin has been a tireless proponent of cable-TV systems as the gateway for delivering the Internet and entertainment. He has led AOL Time Warner into a battle with Comcast and Cox--both backed by Microsoft--to buy some or all of AT&T Broadband, the nation's largest cable company. But some executives and board members argue that there are ways--over telephone lines or by satellite--to reach those households without burdening AOL Time Warner with billions more in debt. Parsons is leading the AT&T talks and will have to decide what price--in dollars and regulatory...
...Wall Street. "Ideally, you want to underpromise and overdeliver," he says. "To the extent that we've lost credibility, repairing it is important." And not so easy. On Friday, Merrill Lynch analyst Jessica Reif Cohen lowered her earnings estimates for this year and next, pointing to clouds ahead. AOL is adding new subscribers at the rate of 12,800 a day--14% less than at the same time last year. AOL Time Warner is locked into a deal, made by AOL in the last days of the Internet bubble, committing it to pay at least $6.75 billion for Bertelsmann...
...timing looks at least partly strategic. One of the shrewdest operators of his day, Levin saw an opportunity to choose his successor--and make clear that it's Time Warner, not AOL, that runs the combined company. Levin says selecting his successor was a lot like producing a Warner Bros. film. "We do all this market testing," Levin says, but "the big mistake is we don't know how to end a movie." In choosing a well-liked, up-by-the-bootstraps guy like Parsons, AOL Time Warner has fashioned a classic Hollywood ending to the Levin era. But Parsons...
Every week TIME writers and editors chat on AOL about the news. This week we look back at Sept. 11, forward to some innovative thinkers and askance at the nuclear-materials pipeline out of Russia. Go to AOL, Keyword: Live...
...post at a $2.5 billion company that beams its signal in eight languages to 53 countries ("I don't think TV gets harder than STAR," says chief programmer Steve Askew). Yet Rupert Murdoch chose his youngest son as his lieutenant in Asia, just as giants such as AOL Time Warner, Sony and Disney came rushing in. This office?sensible, austere, pragmatic?speaks not of transformation, but of evolution: from Harvard dropout to committed corporate man, from (sort of) outsider...