Today marks the beginning of the end of what is probably one of the most disastrous media mergers in recent corporate history — AOL and Time Warner. In 2000, AOL shelled out nearly $150 billion for Time Warner, but things didn’t quite work out as planned.
The top brass from Twitter and Facebook have been all over the place in recent days, starting with the Reuters Global Technology Summit. No matter the venue or the executive, the questions are pretty much the same: Are you going to put the company up for sale? If not, when are you going public? And how on earth are you going to make money? And when?
AOL’s recently appointed chief executive, Tim Armstrong, has only been in place for three weeks but Wall Street is waiting impatiently for his next move. He’s started to shake up the ad team. Investors are focused on when parent company Time Warner will spin off the Internet unit, which has lost favor with Wall Street, advertisers and users alike.
One day soon you’ll be able to watch your TV everywhere: online, on-the-go, your phones, just about everywhere and Time Warner chief Jeff Bewkes wants you to know about it and believe it.
Facebook has been mapping swine flu discussions among its members for the past few days using its Lexicon application, and it’s pretty cool to see how the conversation on Wall posts shot up over the weekend as more and more cases of the disease came to light in the United States.
Just as we’re getting over the buzz and acclaim for the new Kindle e-reader, Amazon comes right back at us. This time, it is selling e-books for the iPhone and iPod — that’s right — through a Kindle application that can be downloaded from Apple’s App Store.
We were talking the other day about job cuts — more specifically about who would be next to feel the axe blade. We’d seen big cuts at Viacom, Omnicom, Warner Brothers and Time Inc, and, you know, it obviously didn’t take a genius to figure more were coming.