Time Warner sees Net consolidating
A Reuters newswire article by Kenneth Li, via Yahoo! News, reports that:
Time Warner Inc., the world's largest media company, sees more consolidation on the Internet, as it mulls moves in the wireless and video games sector, its top executive said on Thursday.
The New York-based media conglomerate, whose 2001 merger with AOL wiped away more than $200 billion in shareholder value, has emerged this year as the only big media company with a clear Internet strategy: boost online advertising.
And Time Warner's rivals are playing catch-up.