It sounds like a wild time at Time Warner regarding the finagling over a stake in AOL, with a lot of posturing and pressuring among the various parties taking place in the press. Despite yesterday’s Wall Street Journal piece that proclaimed Microsoft close to a search-related deal with Time Warner that would stick it to Google, Reuter’s Ken Li has an item today saying that Google is very much in the running for an AOL deal, with an announcement slated before Christmas.
Time Warner executives must be having a ball, pitting two of the Internet’s giants against each other in a bidding war over AOL’s search supplier, lapping up the public fight over this tempest-in-a-teapot. (Admittedly the $447 million in revenue that AOL generated for Google last year isn’t chump change, but as Li points out in his article, after subtracting paybacks to AOL, the amount reflected only 4% of Google’s net revenues.)
Stay tuned tomorrow as Time Warner Chmn./CEO Dick Parsons gives a talk to CS First Boston’s Media Week conference.
Cynthia Brumfield at 11:17 AM|Comments(0)
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