Time-Warner Divided by Four?

Feb 07, 2006 14:26

I've been watching Carl Icahn's event, where he and his people are outlining his plans to break Time-Warner (formerly AOL-TW) into four separate units. I haven't read the full 350-page report and right this minute, they appear to having database problems on their break-up website, but I've been in favor of re-breaking the company into at least two parts for a couple of years.

Personally, I've always been torn about the company. I've long been a fan of Ted Turner, but I had significant questions when he merged with Time-Warner because of the consolidation of voices. I could see the Steve Case's vision, when he conned the larger company into becoming subservient to his crappy BBS, but either he lost interest or I have always been correct and he's just an idiot. Current management really haven't done a lot, but I don't have the kind of vitriol for Dick Parsons that I just her from Carl Icahn.

I'd like to read the report and I'd like to hear Mr Turner's opinion, but what I found fascinating, possibly even beyond the news value of this dramatic proposal; I'm watching the meeting on Pipeline. Which may just go to prove, the pocketbook will win every time.

finance, cnn pipeline, media, internet

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