There has recently been a spate of media blathering about how AOL "stole" Time Warner. They want the public to believe that Steve Case is a geek from Virginia who managed to sell them magic beans? This should embarrass them, yet they are so anxious to be victims and to be right about everything.
They never expected to operate AOL seriously. They planned to retire on their stock profits, profits for which they didn't expect to work. They didn't want convergence, they wanted the money.
Unfortunately, the stock market did not cooperate with their scheme. Their timing couldn't have been worse, really.
Now they seem to be wasting opportunities to do anything useful, and are concentrating on blaming Steve Case instead. Providing some of their media properties to it's fancy new distribution channel, AOL, would be a good start. They do this now to a small degree, but they need to do it like they did with the ubiquitous AOL disk. Time Warner people clearly don't have the fortitude for this.
But if they don't have the energy and thus aren't getting the pretzel monies, they want a license to complain about how they were wronged.
What crybabies.
Posted by nicole at July 05, 2003 08:53 PM