April 29, 2000 |
Following a heated hearing Friday, Los Angeles regulators voted to approve the transfer of Time Warner Inc.'s local cable franchise to America Online Inc. The move, necessitated by the pending merger of the two companies, is part of a nationwide review of Time Warner's cable franchise rights. As cities across the country consider the transfers of these rights, the debate over "open access" of cable systems is resurfacing after a period of relative quiet.
April 27, 2000 |
A coalition of consumer groups told the Federal Communications Commission on Wednesday that America Online Inc.'s proposed purchase of Time Warner Inc. should be rejected unless it is made more competitive. Consumers Union, Consumer Federation of America, Media Access Project and Center for Media Education argued that the merger would diminish the number of voices available to the public, failing to meet the FCC requirement that the combination be in the public interest.
April 20, 2000 |
America Online Inc., the world's largest Internet service, said its subscribers spent $3.9 billion online during the first quarter, more than the $2.5 billion they spent during the 1999 holiday season. AOL charges rent to retailers such as Gap Inc., who advertise their Web sites to AOL's more than 22.2 million subscribers. AOL can charge higher rent if its subscribers buy more online.
April 1, 2000 |
AT&T Corp., Yahoo Inc. and America Online Inc. are making big investments in Net2Phone Inc., propelling an upstart provider of cheap phone calls via the Web to the forefront of efforts to merge voice and computer networks. In addition to cementing relationships with several of the most prominent providers of consumer services on the World Wide Web, the deals announced Friday may help solidify Net2Phone's position as a leader in the business of PC-to-telephone communications.
March 9, 2000 |
America Online Inc., which is buying media giant Time Warner Inc. for $141 billion, is discussing a partnership with AT&T Corp., the largest U.S. long-distance phone company, said America Online Chairman Steve Case. "We're having discussions with AT&T. There's a variety of things we could do together," Case said. He declined to comment on a time frame and wouldn't say what type of alliances they are discussing.
February 17, 2000 |
Akamai Technologies Inc. said it will pay America Online Inc. to set up servers within the AOL network to speed the delivery of Web pages of Akamai clients. Terms of the deal were not announced. Cambridge, Mass.-based Akamai also said that 20 new companies have joined its partnership program, which links Web design companies and content providers to the Akamai server network. Akamai is one of a handful of new Net firms aiming to speed Web page download times by eliminating Internet bottlenecks.
February 14, 2000 |
America Online Inc. said it plans to take about $190 billion in charges to earnings over 25 years, squeezing net profit, to account for its acquisition of Time Warner Inc. The proposed new company, AOL Time Warner, will take a $7.6-billion charge each year for 25 years to account for "goodwill" and other intangible assets in the purchase, according to a filing with the Securities and Exchange Commission. Goodwill is the excess a buyer pays over an acquired company's book value.
December 23, 1999 |
What are highflying Internet stocks really worth? Less than some short-term traders may think, a takeover plan by America Online suggests. The leading online service on Wednesday agreed to buy MapQuest.com Inc., the No. 1 provider of maps on the Internet, for about $1.1 billion in AOL stock. The problem for some MapQuest shareholders: The deal values MapQuest at $26.11 a share, based on AOL's closing share price on Wednesday. That's 20% below MapQuest's stock price on Tuesday.