Steve Case: At least we kept it under 1/4 trillion!
Can broadband video really takeoff if lots of quality content is married with the largest Internet portal? Sounds like a plan for success. Unfortunately its been tried and the result was that $200 billion in shareholder value evaporated –including scores of senior executives . A pricey mistake.
Such was the fiasco that is still underway at AOL Time Warner.
But at least now we have Steve Case (architect of the merger) apologizing for that deal. "Yes, I'm sorry I did it," he told PBS' Charlie Rose. See that interview >>
We can only hope the next remorseful Internet-mogel-turned-wannabe-TV/film executive will offer more tears (and maybe a little more analysis?).
Posted by admin on July 27th, 2006 :: Filed under Internet TV
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