AOL Time Warner is the world's leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks, music and publishing. Editorial Reviews From Booklist In 1999 Wall Street was enamored with anything dot-com, and America Online was adding new subscribers in droves by giving away billions of free disks. Old-economy media giant Time Warner was trying to figure out how to make money in this new Internet thing. Its CEO, Jerry Levin, was eager to bring the company into the computer-friendly twenty-first century. Steve Case, CEO of AOL, knew the ride wouldn't last forever and shrewdly leveraged the inflated AOL stock to purchase the much larger Time Warner. Klein fascinatingly fills in the gaps of what is known of this, the largest merger in U.S. history. It turned out to be the signal of the end as this deal revealed to all that the Internet could not stand on its own. What was supposed to have been a synergy of new and old media turned out to be a total culture clash that led to disastrous results for the company and its stockholders. As a reporter for the Washington Post since 2000, Klein's investigative reporting of AOL Time Warner's business practices led to serious government investigations. Under pressure, several top AOL executives, including both Case and Levin, were forced to resign. David Siegfried Copyright © American Library Association. All rights reserved Book Description In January 2000, America Online and Time Warner announced the largest merger in U.S. history, a deal that would create the biggest media company in the world.

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