Time Warner to ditch AOL dial-up biz… Good luck with that
When AOL bought Time Warner in early 2000, The Onion called the transaction the “largest-ever expenditure of pretend Internet money.” The $160 billion deal broke new ground, as it marked the first major encroachment of “new media” on the old media. We all know how that worked out: former AOL head Steve Case lost his job as head of the new company in 2003 and AOL Time Warner dropped AOL from its name. Today, Time Warner CEO Jeff Bewkes announced plans to sell off AOL’s struggling dial-up business.
Full story: arstechnica.com