January 10th, 2000
This may be the Holy Mother of All Press Releases That Promised Stuff That Didn’t Come to Be. The AOL-Time Warner deal was a catastrophic waste of money, in part because of the stunningly bad timing. (It happened just as dial-up began to die.) Few of the lofty goals ever amounted to anything, and many of the alleged good ideas detailed in the press release sound lame in retrospect. (AOL disks distributed through Warner Bros. stores?) Time Warner dumped the AOL from its corporate name in 2003; now it’s planning to dump AOL, period.