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`AOL` dropped as company reverts to Time Warner name
New York, Sept 19: The world`s biggest media-entertainment group is reverting to the name Time Warner, dropping AOL, the company has said, symbolically undoing the spectacular takeover three years ago by America online during the internet boom.
New York, Sept 19: The world's biggest
media-entertainment group is reverting to the name Time
Warner, dropping AOL, the company has said, symbolically
undoing the spectacular takeover three years ago by America
online during the internet boom.
The change for AOL Time Warner reflects a reassertion
of the old-media dominance after the 2000 merger engineered by
internet giant America Online, which was one of the most
prominent "new economy" companies.
The company expects to complete the name change
process - including adoption of the former "TWX" ticker symbol
on the New York Stock Exchange instead of AOL - in the next
few weeks.
AOL used its share price at the height of the internet
boom to acquire Time Warner, which had been a much bigger
company with stakes in Hollywood, television and publishing.
Bureau Report
Bureau Report