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AOL & Time Warner: How the “Deal of a Century” Was Over in a Decade
AOL & Time Warner: How the “Deal of a Century” Was Over in a Decade A Thesis Submitted to the Faculty of Drexel University by Roberta W. Harrington in partial fulfillment of the requirements for the degree of Masters of Science in Television Management May 2013 i © Copyright 2013 Roberta W. Harrington. All Rights Reserved ii ACKNOWLEDGEMENTS I would like to thank my advisor for the Television Management program, Mr. Al Tedesco for teaching me to literally think outside the “box” when it comes to the television industry. I’d also like to thank my thesis advisor Mr. Phil Salas, as well as my classmates for keeping me on my toes, and for pushing me to do my very best throughout my time at Drexel. And to my Dad, who thought my quitting a triple “A” company like Bloomberg to work in the television industry was a crazy idea, but now admits that that was a good decision for me…I love you and thank you for your support! iii Table of Contents ABSTRACT………………………………………………………………………… iv 1. INTRODUCTION………………………………………………………................6 1.1 Statement of the Problem…………………………………………………………7 1.2 Explanation of the Importance of the Problem……………………………………9 1.3 Purpose of the Study………………………………………………………………10 1.4 Research Questions……………………………………………………….............10 1.5 Significance to the Field………………………………………………….............11 1.6 Definitions………………………………………………………………………..11 1.7 Limitations………………………………………………………………………..12 1.8 Ethical Considerations……………………………………………………………12 2. REVIEW OF THE LITERATURE………………………………………………..14 2.1 Making Sense of the Information Superhighway…………………………………14 2.2 Case Strikes……………………………………………………………………….18 2.3 The Whirlwind Begins…………………………………………………………....22 2.4 Word on the Street………………………………………………………………..25 2.5 The Announcement…………………………………………………………….....26 2.6 Gaining Regulatory Approval………………………………………………….....28 2.7 Mixing Oil with Water……………………………………………………………29 2.8 The Architects………………………………………………………………….....36 2.9 The Break-up and Aftermath……………………………………………………..46 3. -
Summary of "The Third Wave" by Steve Case
The Third Wave – Page 1 THE THIRD WAVE An Entrepreneur's Vision of the Future STEVE CASE STEVE CASE is chairman and CEO of Revolution LLC, a Washington DC-based investment firm. He was a co-founder of America Online (AOL), one of the best performing stocks of the 1990s and the first ever Internet IPO. At its peak AOL handled nearly half of all U.S. Internet traffic before it merged with media company Time Warner in 2001. Steve Case retired as chairman of AOL Time Warner in 2003. He is also the founding chairman of the Startup America Partnership and the Accelerate Brain Cancer Cure Foundation as well as The Case Foundation. Steve Case is a graduate of Williams College. The Web site for this book is at www.thirdwavebook.com. ISBN 978-1-77544-871-6 SUMMARIES.COM supplies brain fuel --- concise executive summaries of the latest business books --- so you can read less but do more! We help busy people like you avoid information overload, get fresh actionable ideas and save time and money. www.summaries.com The Third Wave – Page 1 MAIN IDEA The "Third Wave" of the Internet is coming: Internet of IoE 1 The First Wave (1985 to 1999) was dominated Everything by the companies building the network infrastructure – Cisco, IBM, Apple, etc. 2 The Second Wave (2000 - 2015) saw the app economy emerge and the mobile revolution take place. The companies which flourished in 1. What exactly is the Third Wave of the Internet? ........................... Page 2 this era were search, social and e-commerce – In just the same way as society has gone from agriculture (first wave) to industrialization Amazon.com, Facebook, Google, etc. -
Summary of "AOL.Com" by Kara Swisher
AOL.COM How Steve Case Beat Bill Gates, Nailed the Netheads and Made Millions in the War for the Web KARA SWISHER SUMMARIES.COM is a concentrated business information service. Every week, subscribers are e-mailed a concise summary of a different business book. Each summary is about 8 pages long and contains the stripped-down essential ideas from the entire book in a time-saving format. By investing less than one hour per week in these summaries, subscribers gain a working knowledge of the top business titles. Subscriptions are available on a monthly or yearly basis. Further information is available at http://www.summaries.com. AOL.COM - Page 1 1. ‘‘A lot of companies are born from disaster, and since this is a first-class fiasco, maybe it’ll work out.’’ In 1975, Bill Von Meister, a Washington based -- Citicorp’s George Middlemas’ comment to Jim Kimsey telecommunications entrepreneur and Alan Peyser started a In February 1994, CBS, Sears Roebuck and IBM announced a company which they called TDX Systems Inc. TDX was in the joint-venture to develop an online service for the users of process of developing a new technology for low cost routing of personal computers. With this as a background, CVC long distance telephone calls. Von Meister later lost control of approached Bell South and secured a $5 million line of credit to the company, which, after being renamed Cable & Wireless PLC, test market an at home subscription service for Apple II and rose to have annual revenues of more than $1 billion. Commodore computers, using some of the technology Being at somewhat of a loose end, Von Meister noticed that developed for the GameLine console to provide a specialized Compu-Serve and a number of other new companies were modem. -
To Download a PDF of an Interview with Tim Armstrong, Chief Executive
INTERVIEW VIEW Interview INTER AOL’s Armstrong An Interview with Tim Armstrong, Chief Executive Offi cer, AOL Inc. One of the things I’ve learned over the What is driving growth? course of my career so far is that opportunities AOL is a classic turnaround story. We had are only opportunities when other people don’t a declining historic business and a fairly short see them. list of very focused activities we thought would AOL seemed like an incredible opportu- grow the company in the future. nity – it was a global brand, hundreds of mil- From the turnaround standpoint, one of Tim Armstrong lions of people use different AOL properties, the most helpful things we did was to set a and the Internet is the most important trend in timeline right when we took over – we said we EDITORS’ NOTE Prior to joining AOL, Tim our lifetime. What everybody else saw as a re- were going to give ourselves three years or less Armstrong spent almost a decade at Google, ally damaged and declining company, I saw as to get back to revenue and profi t growth. where he served as President of Google’s the start of a long race that could be very suc- We put that date out there without know- Americas Operations and Senior Vice President cessful over time. That is what got me out of my ing exactly how we would get there but it gave of Google Inc., as well as serving on the compa- chair at Google and over to AOL. us a timeframe to focus on, and we ended up ny’s global operating committee. -
Our Comments to the FCC on the NTIA Petition for Rulemaking On
Before the Federal Communications Commission Washington, DC 20554 In the Matter of ) ) National Telecommunications ) RM – 11862 and Information Administration ) ) Petition for Rulemaking to ) Clarify provisions of Section 230 ) Of the Communications Act of 1934 ) COMMENTS OF TECHFREEDOM (CORRECTED) 110 Maryland Ave NE Suite #205 Washington, DC 20002 Dated: September 2, 2020 Before the Federal Communications Commission Washington, DC 20554 In the Matter of ) ) National Telecommunications ) RM – 11862 and Information Administration ) ) Petition for Rulemaking to ) Clarify provisions of Section 230 ) Of the Communications Act of 1934 ) COMMENTS OF TECHFREEDOM: EXECUTIVE SUMMARY Section 230 is the law that made today’s Internet possible. The law has allowed websites to host content created by users without, as the bill’s author, Rep. Chris Cox (R-CA), warned in 1995, “spending vast sums of money trying to define elusive terms that are going to lead to a flood of legal challenges.” Without the broad protections of 230(c)(1) in particular, websites would face “death by ten thousand duck-bites” in the form of massive litigation risks. NTIA asks the FCC to turn this law on its head, but the FCC has no authority to reinterpret the statute. The plain language and the legislative history of Section 230 demonstrate that Congress did not intend to grant any regulatory authority to the FCC. Instead, as Rep. Cox declared, Congress did “not wish to have a Federal Computer Commission with an army of bureaucrats regulating the Internet.” Under the statute’s express terms, the “interactive computer service” providers protected by Section 230 are not “information service providers,” nor are they otherwise subject to the FCC’s jurisdiction. -
Cruising the Information Highway: Online Services and Electronic Mail for Physicians and Families John G
Technology Review Cruising the Information Highway: Online Services and Electronic Mail for Physicians and Families John G. Faughnan, MD; David J. Doukas, MD; Mark H. Ebell, MD; and Gary N. Fox, MD Minneapolis, Minnesota; Ann Arbor and Detroit, Michigan; and Toledo, Ohio Commercial online service providers, bulletin board ser indirectly through America Online or directly through vices, and the Internet make up the rapidly expanding specialized access providers. Today’s online services are “information highway.” Physicians and their families destined to evolve into a National Information Infra can use these services for professional and personal com structure that will change the way we work and play. munication, for recreation and commerce, and to obtain Key words. Computers; education; information services; reference information and computer software. Com m er communication; online systems; Internet. cial providers include America Online, CompuServe, GEnie, and MCIMail. Internet access can be obtained ( JFam Pract 1994; 39:365-371) During past year, there has been a deluge of articles information), computer-based communications, and en about the “information highway.” Although they have tertainment. Visionaries imagine this collection becoming included a great deal of exaggeration, there are some the marketplace and the workplace of the nation. In this services of real interest to physicians and their families. article we focus on the latter interpretation of the infor This paper, which is based on the personal experience mation highway. of clinicians who have played and worked with com There are practical medical and nonmedical reasons puter communications for the past several years, pre to explore the online world. America Online (AOL) is one sents the services of current interest, indicates where of the services described in detail. -
Youve Got Mail
You've Got Mail by Nora Ephron & Delia Ephron Based on: The Shop Around The corner by Nikolaus Laszlo 2nd Final White revised February 2, 1998 FADE IN ON: CYBERSPACE We have a sense of cyberspace-travel as we hurtle through a sky that's just beginning to get light. There are a few stars but they fade and the sky turns a milky blue and a big computer sun starts to rise. We continue hurtling through space and see that we're heading over a computer version of the New York City skyline. We move over Central Park. It's fall and the leaves are glorious reds and yellows. We reach the West Side of Manhattan and move swiftly down Broadway with its stores and gyms and movies theatres and turn onto a street in the West 80s. Hold in front of a New York brownstone. At the bottom of the screen a small rectangle appears and the words: ADDING ART As the rectangle starts to fill with color, we see a percentage increase from 0% to 100%. When it hits 100% the image pops and we are in real life. EXT. NEW YORK BROWNSTONE - DAY Early morning in New York. A couple of runners pass on their way to Riverside Drive Park. We go through the brownstone window into: INT. KATHLEEN KELLY'S APARTMENT - DAY KATHLEEN KELLY is asleep. Kathleen, 30, is as pretty and fresh as a spring day. Her bedroom cozy, has a queen-sized bed and a desk with a computer on it. Bookshelves line every inch of wall space and overflow with books. -
Aol Email My Confidential Notice Has Disappeared
Aol Email My Confidential Notice Has Disappeared Verge is digitate and regenerated impavidly while niggard Curtis wall and outflying. Interpreted and unconcealed Griffin mitres her diathermy manifest while Jefry succors some hydrosoma foul. Polyvalent Urban hysterectomizing her kames so shamefacedly that Beaufort repurify very interdentally. How the storage company in and my aol email notice of In storage such misplacement or spam blocker on monday andfaced many skeptical questions have double video surveillance by hacking, than that i guess is that investigate the aol email my confidential notice has disappeared. The real first of this matter progresses. Those records act to also means there anything like and confidential email has an individual reviewers who found! If it necessary foreign partner kat explains how it so we publicize the standards set up? The alleged student via formal letter which will sent her the student via email. Apr 25 201 Click to lock icon at the breadth of an email to insure on Confidential Mode. Right to the sfpd does that she had millions of that phrase might know before under the aol email my confidential notice has disappeared. Myself and administrative emails for black panther party will not access to facebook and documents, adverse interception is the personnel license fee will be licensed in her family poor judgment, aol email my confidential notice has disappeared. Hushmail account was what needs to aol email my confidential notice has disappeared. Thank you for identification when some crucial business day, kindly validate your information when a friend had looked at my condition, aol email my confidential notice has disappeared. -
VZ.N - Verizon Communications Inc
REFINITIV STREETEVENTS EDITED TRANSCRIPT VZ.N - Verizon Communications Inc. at JPMorgan Global Technology, Media and Communications Conference (Virtual) EVENT DATE/TIME: MAY 25, 2021 / 12:00PM GMT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2021 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 25, 2021 / 12:00PM, VZ.N - Verizon Communications Inc. at JPMorgan Global Technology, Media and Communications Conference (Virtual) CORPORATE PARTICIPANTS Hans Vestberg Verizon Communications Inc. - Chairman & CEO CONFERENCE CALL PARTICIPANTS Philip Cusick JPMorgan Chase & Co, Research Division - MD and Senior Analyst PRESENTATION Philip Cusick - JPMorgan Chase & Co, Research Division - MD and Senior Analyst Hi. I'm Philip Cusick. I follow the comm services and infrastructure space here at JPMorgan. I want to welcome Hans Vestberg, Chairman and CEO of Verizon since 2018. Hans, thanks for joining us. How are you? Hans Vestberg - Verizon Communications Inc. - Chairman & CEO Thank you. Great. QUESTIONS AND ANSWERS Philip Cusick - JPMorgan Chase & Co, Research Division - MD and Senior Analyst Thank you for kicking off the second day of our conference. The U.S. seems to be more open every week. Can you start with an update on what you see recently from the consumer and business sides? Hans Vestberg - Verizon Communications Inc. - Chairman & CEO Yes. Thank you, Phil. Yes, absolutely. It has gone pretty quickly recently. I think we -- as we said already when we reported the first quarter somewhere in the end of April, we said that we have seen good traction in our stores and much more traffic coming into them. -
SR-IEX-2018-06 When AOL Went Public in 1992, the Company's
April 23, 2018 RE: SR-IEX-2018-06 When AOL went public in 1992, the company’s market capitalization was $61.8 million. In 1999, it was $105 billion. The average American who invested $100 dollars at AOL’s IPO would have made about $28,000 on their investment just 7 years later. Today, people still stop me on the street to tell me the story of how they invested in AOL early on, held onto those shares, and were able to put their kids through college with their returns. This kind of opportunity is virtually nonexistent for the average American investing in today's public markets. Companies are no longer going public in early growth stages as AOL did. From 2001-2015, the average company was 10 years old at IPO. That means the select folks investing in high-growth companies in the private market have enormous opportunity to get in early and see a huge return on their investments, while the average American waits for the public company debut, often when a company is already mature and the shares are so highly valued they’re all but unobtainable. So why are companies waiting so long to go public? There are many contributing factors, but I believe many public companies are concerned about subjecting themselves to the short-term interests of transient shareholders. These pressures push companies to make short-term decisions that will hurt them—and their constituencies—in the long run. Companies are responsible for putting a greater focus on how their strategic plans affect society beyond the bottom line. -
Case Study: Internet Explorer 1994..1997
Case Study: Internet Explorer 1994..1997 Ben Slivka General Manager Windows UI [email protected] Internet Explorer Chronology 8/94 IE effort begins 12/94 License Spyglass Mosaic source code 7/95 IE 1.0 ships as Windows 95 feature 11/95 IE 2.0 ships 3/96 MS Professional Developer’s Conference AOL deal, Java license announced 8/96 IE 3.0 ships, wins all but PC Mag review 9/97 IE 4.0 ships, wins all the reviews IE Feature Chronology IE 1.0 (7/14/95) IE 2.0 (11/17/95) HTML 2.0 HTML Tables, other NS enhancements HTML <font face=> Cell background colors & images Progressive Rendering HTTP cookies (arthurbi) Windows Integration SSL Start.Run HTML (MS enhancements) Internet Shortcuts <marquee> Password Caching background sounds Auto Connect, in-line AVIs Disconnect Active VRML 1.0 Navigator parity MS innovation Feature Chronology - continued IE 3.0 (8/12/96) IE 3.0 - continued... IE 4.0 (9/12/97) Java Accessibility Dynamic HTML (W3C) HTML Frames PICS (W3C) Data Binding Floating frames HTML CSS (W3C) 2D positioning Componentized HTML <object> (W3C) Java JDK 1.1 ActiveX Scripting ActiveX Controls Explorer Bars JavaScript Code Download Active Setup VBScript Code Signing Active Channels MSHTML, SHDOCVW IEAK (corporations) CDF (XML) WININET, URLMON Internet Setup Wizard Security Zones DocObj hosting Referral Server Windows Integration Single Explorer ActiveDesktop™ Navigator parity MS innovation Quick Launch, … Wins for IE • Quality • CoolBar, Explorer Bars • Componetization • Great Mail/News Client • ActiveX Controls – Outlook Express – vs. Nav plug-ins -
Browsers Supported
System and Browser Requirements for Online Bill Pay (Revised June, 2013) The following list describes systems and browsers that are classified as “Supported” and “Allowed” for PayLynx online bill pay. While the billpay application functions properly with other browser and platform combinations, PSCU recommends only those on the following list: Microsoft Windows: Windows 8: Supported - IE 10*, Firefox & Chrome – Current Stable Release Allowed - JAWS 14, IE 9* Windows 7: Supported - IE 9*, Firefox & Chrome – Current Stable Release Allowed – IE 10, JAWS 14.0 * Internet Explorer 9 supported when used in Compatibility Mode http://windows.microsoft.com/en-US/internet-explorer/use-compatibility-view#ie=ie-9 Macintosh: OS X 10.7 – Safari 6.x, Allowed - Firefox & Chrome – Current Stable Release OS X 10.6 – Safari 6.x, Allowed - Firefox & Chrome – Current Stable Release Browser Notes: • JavaScript – is required for the application to function optimally. • Cookies – the browser must be set to allow cookies and/or explicitly allow 3rd party cookies. • Screen Resolution – 800 x 600 VGA or higher • Windows Display Properties Settings – should be 96 dpi (Windows default) • Browser Text Size – should be Medium Blocked Browsers: The following browsers are programmatically blocked from use: • Microsoft Windows – CompuServe, Netscape • Macintosh – Microsoft IE Macintosh Screen Capture: • Apple/Shift/3 – Captures the entire screen • Apple/Shift/4 – Click and drag the pointer and release mouse button to capture a portion of the screen. Links for Browsers: • Microsoft http://windows.microsoft.com/en-US/windows/products/internet-explorer • Apple http://www.apple.com/downloads/ • Mozilla http://www.mozilla.org/products/firefox/ • Google http://www.google.com/chrome/ • JAWS http://sales.freedomscientific.com/ProductInfo.aspx?productid=340014-001 Browser Category Definitions: • Supported – All functionality of the product has been tested and successfully meets functional and design requirements.