Word: warners
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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...
...leaders such as Jesse Jackson have peppered industry leaders with the mantra that a minority focus makes good business sense - a sentiment repeated by NBC's Wright Wednesday. A big question now facing the TV industry is whether upstarts UPN and the WB network (owned by TIME.com parent Time Warner), which built their viewership largely on minority-oriented programming, will go the way of third political parties that become marginalized once their issues are picked up by major parties...
...channels come through a seemingly infinite variety of pay-TV formats. Networks still link to cable companies for free, but increasingly hold them hostage by making the programming's availability contingent on the purchase of the networks' cable affiliates. ABC, for example, recently threatened to pull itself from Time Warner Cable if Time Warner didn't start carrying the SoapNet channel...
...This is familiar territory for Fox, which got into a well-publicized standoff with New York City's Time Warner Cable (which, like TIME Online, is owned by Time Warner), prompting Mayor Rudolph Giuliani to demand that Time Warner add two Fox channels. But the effectiveness of the networks' tactics is uncertain. Some industry analysts say Fox could force Cox's hand by prompting local residents to switch to satellite service. Cable's defenders argue that once cable companies package telephone and Internet services, which is already beginning to happen, these tactics will be less effective, since consumers will...
Following are quotes excerpted from a Sports Illustrated profile of Atlanta Braves pitcher John Rocker in SI's Dec. 22 issue. (The Atlanta Braves, Sports Illustrated and TIME Daily are all components of their parent company, Time Warner...