Feeds

AOL founder finally prised out of Time Warner

Case to spend more time with Carly

3 Big data security analytics techniques

Farewell, then Steve Case. The man who founded AOL and saved it from dotcom meltdown by turning it into a gigantic suicide truck aimed at Time Warner, finally left the board today.

Case had served as chairman of the merged Time Warner-AOL until January 2003. While his former AOL colleague Bob Pittman left as the merger - initially valued at $350bn - began to unravel, Case continued on the board alongside former Netscape executive Jim Barksdale.

Time Warner agreed to pay $510m last December to settle SEC and DoJ probes into the merger, and agreed to settle shareholder suits with a total liability worth $2.5bn in August.

Since the merger, AOL has failed to capitalize on the explosive growth of online search advertising, with Overture (acquired by Yahoo!) and Google reaping the rewards, and in June Google overtook the media giant in market capitalization. Time Warner is looking to spin off the AOL division, with News Corp., Microsoft, Google and Yahoo! all touted as potential buyers. At the same time, AOL has haemorrhaged subscribers at an ever increasing rate, losing two million last year and over half a million in the first three months of this year.

So the King of the Most Disastrous tech merger in recent years will be able to spend more time with the Queen of the Second Most Disastrous... former Hewlett Packard CEO Carly Fiorina joined Case's new venture, Revolution Health Group, in September. Case set up this investment vehicle, targeting the health and leisure markets, earlier this year. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.