Steve Case Says 'sorry'
Back in 2001 America Online merged with media giant Time Warner, and since then AOL has seen a massive decline in business. The merger has cost around $200 billion in shareholder value, and AOL has been facing some stinging competition from other content based services such as Yahoo! and Google. Though Steve Case still thinks the merger was a good idea, he admits that he's sorry that he did it.
"Time Warner is expected to discuss a new strategy for AOL on August 2, after it reports its second-quarter financial statement. Sources have said the company is exploring a plan to give away AOL services for free to users who already have an Internet connection. It does not plan to give away dial-up Internet service."
