http://www.economist.com/news/business-and-finance/21709150-combination-huge-distributor-tv-leading-content-producer-bold
Time Warner has been here before. In 2000 its $350bn merger with AOL was the largest in American history. It was meant to be the dawn of a new era dominated by internet giants. That deal was a disaster that cost thousands of jobs and destroyed hundreds of billions of dollars in combined market value for the two firms (AOL spun off in 2009 and was acquired by Verizon last year for $4.4bn). Now Time Warner becomes part of a megadeal in another business with an interesting but uncertain future.
