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AOL's Steve Case Quits Time Warner Board To Lead Revolution Full-Time

America Online Co-Founder Resigned Monday October 31
By Jeremy Geelan
Article Rating:
November 1, 2005 06:00 AM EST
Reads:
 15,304
"Over the past few months, I have been pleased to see a renewed focus on AOL at Time Warner, and the emergence of so many strategic alternatives," said America Online co-founder Steve Case (pictured) as he yesterday resigned from the board of Time Warner. He remains one of Time Warner's biggest individual shareholders.

The timing of Case's resignation is considered ironic by many, since it is precisely now that AOL has emerged from the shadows to find itself what CEO Jonathan Miller called recently the "largest swing voter" in the battle between Microsoft and Google (10% of whose revenues come from an advertising partnership with AOL) to dominate online life.

When interviewed onstage at Web 2.0 recently, Miller said that AOL was "extremely undervalued" since there are still 20 milion AOL subscribers and 60.6M US visitors to its site according to tracker Nielsen/NetRatings. (That makes it fourth. Yahoo! is in no. 1 position, with MSN and Google in second and third place.)

The price for a stake in AOL is rumored to be likely to start at as much as $10BN. The question is, though, will that number go up in a bidding war between the two suitors, Microsoft and Google? And, if so, how high?




Published November 1, 2005 – Reads 15,304
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Jeremy Geelan

Jeremy Geelan is Sr. Vice-President of SYS-CON Media & Events. He is Conference Chair of the all-new International Cloud Computing Expo series, of the International Virtualization Expo series, of AJAXWorld RIA Conference & Expo series, and of the long-running SOAWorld Conference & Expo series. He's founder of Cloud Computing Journal, Web 2.0 Journal, AJAX & RIA Journal and other leading SYS-CON titles. From 2000-6, as first editorial director and then group publisher of SYS-CON Media, he was responsible for the development of all new titles and i-Technology portals for the firm, and regularly represents SYS-CON at conferences and trade shows, speaking to technology audiences both in North America and overseas. He is executive producer and presenter of "Power Panels with Jeremy Geelan" on SYS-CON.TV.

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Most Recent Comments
News Desk 11/01/05 07:15:24 AM EST

'Over the past few months, I have been pleased to see a renewed focus on AOL at Time Warner, and the emergence of so many strategic alternatives,' said America Online co-founder Steve Case as he yesterday resigned from the board of Time Warner. He remains one of Time Warner's biggest individual shareholders.
News Desk 11/01/05 07:12:47 AM EST

'Over the past few months, I have been pleased to see a renewed focus on AOL at Time Warner, and the emergence of so many strategic alternatives,' said America Online co-founder Steve Case as he yesterday resigned from the board of Time Warner. He remains one of Time Warner's biggest individual shareholders.
TurnerWins 11/01/05 06:12:49 AM EST

Does this mean Ted Turner finally gets a shot at being the #1 guy at AOL-TW...it's perfect timing for him.