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CALIFORNIA | LOCAL
December 18, 2000
Thursday's Federal Trade Commission approval of the America Online-Time Warner merger cleared the way for creation of the world's largest information and entertainment company. The FTC rightly curtailed the $106-billion company's enormous market power by, among other things, requiring it to lease its cable lines to AOL's competitors on fair terms. It is now up to the telecommunications regulator, the Federal Communications Commission, to make open access a rule for the entire cable industry.
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ENTERTAINMENT
January 6, 2010
SERIES Sports Jobs With Junior Seau: The former NFL linebacker takes a turn as a reporter facing a deadline while covering the Florida vs. Georgia football game (7 and 10 p.m. VS). This Emotional Life: The episode "Rethinking Happiness" examines behavior that fosters positive emotions includes meditation, compassion, forgiveness and altruism (9 p.m. KCET). Man vs. Wild: Bear Grylls creates critical fresh water and uses tribal techniques to fish while deserted on a Panamanian island in the season premiere of this survival series (9 p.m. Discovery)
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BUSINESS
April 14, 2003 | Edmund Sanders, Times Staff Writer
AOL Time Warner Inc.'s turnaround plans have bumped up against regulatory conditions forced on the media company when its giant merger was approved in 2001, sparking a recent request to ease one key limit.
BUSINESS
April 30, 2009 | David Sarno
In 2000, America Online Inc. used its soaring stock price to gobble up Time Warner Inc. and create the world's largest media conglomerate. Nearly a decade later, it's Time Warner that's spitting out AOL. Time Warner said in a regulatory filing Wednesday that it intended to spin off the struggling Internet property, whose advertising revenue plunged 20% in the first quarter. AOL's decline contributed to falling sales and profit at Time Warner.
OPINION
January 16, 2000 | Mike Clough
The real issue at stake in America Online's decision to buy Time Warner is not the triumph of the new media over the old. Instead, it's whether New York, the unrivaled capital of the old American national industrial economy, will dominate the new American global information economy. Whether it succeeds in doing so will depend, in large part, on how its West Coast rivals--Southern California, the Bay Area and Redmond, Wash.
BUSINESS
December 24, 2000 | Henry Fuhrmann and Tom Petruno and Edmund Sanders and Myron Levin and Stuart Silverstein and Myron Levin and Jube Shiver Jr. and Bill Loving and James F. Peltz and Evelyn Iritani)
1. Price of Energy Soars: Energy worries returned with a vengeance, as rising demand trumkcped constrained supplies to boost every key commodity to 10-year or even all-time highs. American consumers were forced to think about energy--and reconsider their seemingly insatiable thirst foxr it--in ways unseen since the oil shocks of the 1970s. Californians suffered perhaps most of all, enduring what one observer called "a three-ring circus" of woe.
BUSINESS
August 4, 2002 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
In June 2000, as they completed negotiations over a merger that would create the world's second-largest entertainment conglomerate, Edgar Bronfman Jr. pulled aside Jean-Marie Messier, whose Vivendi was about to take over Bronfman's Seagram Co., the owner of Universal Studios and other marquee properties. "You know what they say in the U.S. about entrepreneurial families?" Bronfman asked, according to Messier's recollection.
BUSINESS
November 2, 2001 | Reuters
In a surprise move, AOL Time Warner Inc. removed Mike Kelly as chief financial officer of the media conglomerate, transferring him to serve as chief operating officer of its Internet business, which has been hit by slowing growth. Kelly moves from a position with oversight over the financial functions of the entire company to managing day-to-day operations of one business unit-albeit its largest as measured by revenue.
BUSINESS
March 28, 2001 | Edmund Sanders
AOL Time Warner Chief Executive Gerald M. Levin was paid a $10-million bonus last year, largely for successfully pulling off the company's $95-billion merger, according to financial statements filed Tuesday. The bonus, up 11% from the previous year, was on top of Levin's $1-million base salary. AOL Time Warner Chairman Stephen M. Case got a $1.1-million bonus on top of his $725,000 salary.
BUSINESS
January 7, 2002 | Bloomberg News
AOL Time Warner Inc., the biggest media and Internet company, is expected to revise its 2002 revenue and profit forecasts today as advertising slumps and subscriber growth at its America Online unit slows, analysts said. The New York-based company is coping with lower advertising sales at units such as magazines, cable TV networks and America Online, where third-quarter ad sales fell 12% from the previous quarter. Shares of AOL Time Warner rose 37 cents Friday to close at $31.
BUSINESS
November 8, 2007 | Thomas S. Mulligan, Times Staff Writer
Harry Potter worked his magic, but continuing struggles at AOL cast a pall over Time Warner Inc.'s third-quarter financial results. The world's largest media company's movie division was one of the bright spots in Wednesday's quarterly report. Revenue there jumped 33%, boosted by the strong box-office performance of "Harry Potter and the Order of the Phoenix." Still, the AOL slowdown remains a big headache for President Jeffrey L. Bewkes, who inherits the chief executive job Jan.
BUSINESS
November 7, 2007 | From Times Wire Services
AOL, Time Warner Inc.'s Internet unit, plans to buy online advertising company Quigo Technologies Inc. to give customers more control over where their ads appear, according to two people with knowledge of the purchase. AOL may pay as much as $340 million for New York-based Quigo, said one of the people, who declined to be identified because the deal hasn't been made public. The announcement may come as early as today, they said.
BUSINESS
November 16, 2006 | Meg James and Chris Gaither, Times Staff Writers
Time Warner Inc. on Wednesday dumped the head of AOL in favor of a career NBC Universal executive as the Internet unit struggles to transform itself into a free, ad-supported website. The replacement of AOL Chairman and Chief Executive Jon Miller with Randy Falco underscores AOL's struggle to find its place within Time Warner and in a rapidly changing Internet economy.
BUSINESS
November 15, 2006 | Meg James, Times Staff Writer
Veteran NBC Universal executive Randy Falco is being considered for a high-level job at Time Warner Inc.'s AOL division, according to two executives close to the situation. AOL's courting of Falco comes as the Internet site is trying to increase advertising. As president and chief operating officer of NBC Universal Television Group, Falco is in charge of NBC's sales force and other business operations.
BUSINESS
November 1, 2005 | Chris Gaither, Times Staff Writer
America Online co-founder Steve Case, who orchestrated his company's often-ridiculed acquisition of Time Warner Inc., resigned from the media giant's board Monday -- just as the era of digital entertainment he envisioned is taking shape. Case's departure comes as AOL's stature within Time Warner has grown. Once a weight around the company's neck, AOL is now seen as crucial to delivering Time Warner's vast array of content, and rivals such as Microsoft Corp. and Google Inc.
ENTERTAINMENT
October 14, 2005 | Rachel Abramowitz and Stacie Stukin, Special to The Times
For those who knew Gerald Levin as the almost Machiavellian 80-hour-a-week chief executive of AOL Time Warner, it will be hard to imagine him as he was this summer in a boat off the Caribbean island of Bimini. When a group of dolphins came swimming by, Levin, although not a great swimmer, donned his snorkel and jumped in. "It was an unbelievable metaphysical experience. You're entering their world," says Levin softly. As he recalls the moment, his voice is modulated to just above a whisper.
BUSINESS
March 22, 2001 | Bloomberg News
AOL Time Warner Inc., which runs the biggest Internet service, agreed to promote Ticketmaster's service, which sells concert, theater and other tickets, to AOL's more than 28 million online subscribers. Terms weren't disclosed, AOL Time Warner spokesman David Theis said.
BUSINESS
September 22, 2005 | From Bloomberg News
Turning around America Online will do more for parent Time Warner Inc.'s stock than the steps sought by investor Carl Icahn, Chief Executive Richard Parsons said Wednesday. Time Warner is exploring "structural and strategic" changes to boost sales at its AOL Internet unit, Parsons said at a media conference in New York.
BUSINESS
August 25, 2005 | Chris Gaither, Times Staff Writer
America Online Inc. agreed Wednesday to pay $1.25 million to settle allegations that its customer service representatives ignored cancellation requests in a case that highlighted how far companies were willing to go to keep customers. AOL, the world's biggest Internet service provider, withheld bonuses from "retention consultants" who could not change the mind of nearly half of those who called to cancel, according to a settlement agreement between the company and New York Atty. Gen.
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