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FTC approves AOL-Time Warner Merger
The Federal Trade Commission unanimously approved the proposed $111 billion merger between America Online Inc. and Time Warner Inc., with conditions set on "open access".
In a 5-0 vote, FTC commissioners decided today that the marriage of AOL-Time Warner was cleared through the FTC, creating one of the most powerful media companies that ever existed.
The "open access" conditions of the stated that Time Warner must allow at least one competitive non-affiliated cable, high speed ISP (Internet Service Provider) through the existing Time Warner cable system before AOL offers service through the system also.
Furthermore, the company must offer at least two other service providers through the service once AOL has it's high speed access available through Road Runner.
I am quite interested in seeing which alternatives become available, and if the pricing structure of the new services will be any less expensive. Being the owner of a Playstation 2 also, it make me curious to know who Sony may potentially approach now in the development of it's upcoming high speed digital content delivery service.
AOL-Time Warner now awaits one smaller final approval from the Federal Communications Commission in addition to the approval from the FTC before the deal is finalized and is 100% done.
User Comments
(These do not necessarily reflect the beliefs of this site)
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tack
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Date: December 14, 2000 @ 1:22 PM
There goes the neighborhood. This is just scary...
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skrath
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Date: December 14, 2000 @ 1:44 PM
I told people years ago that AOL was evil, all they said was "oooh! email! yay!"
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doobybrain
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Date: December 14, 2000 @ 6:18 PM
thats a pretty big company right there i tell ya. i just want to see how they'll abuse their power.
[doobybrain] |
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Chad
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Date: December 14, 2000 @ 6:19 PM
Awww..crap. |
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jxn
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Date: December 15, 2000 @ 12:43 AM
Crap does that mean if I did work for WB I worked for AOL...? I feel dirty.
-=]JXN[=- |
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paroxysm
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Date: December 15, 2000 @ 6:52 AM
so that would explain all those prophets of doom i saw on the way back from the movies!
:: paroxysm ::
AOH - America on Hold |
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pressf8
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Date: December 15, 2000 @ 2:48 PM
God help us...
Glad TW isn't real big around texas--I remain untouched by the evil that is AOL...
Brian
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sgedikian
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Date: December 16, 2000 @ 12:04 PM
AOL is not evil. It's really not as bad as you think. At least it keeps the people you can't stand in one spot, mostly away from the internet. :)
-steve |
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phusion
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Date: December 17, 2000 @ 2:53 PM
steve has a point, AOL is the gay guy you can let your girlfriend go shopping with when you don't want to go shopping. Just another guy you can trust her not to do anything with. But... AOLTV... AOL+Time Warner... I'll have to soon buy my cable television from AOL... this pisses me off. I predict revolution is near... because people WILL NOT STAND THIS CONGLOMERATION AND COMMERICAL ABUSE. FUCK YOU FTC AND FUCK YOUR STUPID IDEALS THAT HURT THE PUBLIC. DIE DIE DIE. sorry, but really, this can not be good.
_
[_ phusion :: )
// www.priceshocker.com
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phusion
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Date: December 17, 2000 @ 2:56 PM
theres only 5 votes on the FTC? bleh.
_
[_ phusion :: )
// www.priceshocker.com
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pressf8
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Date: December 24, 2000 @ 2:01 PM
You're satan, aren't you?
Brian |
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