Web Media Wire Daily
Untitled Document

Looking back at some of our look backs

Published: Friday, January 11, 2008



We don't like to stir up bad memories...OK who are we kidding? We live for this shit! Anyway, remember this Businessweek cover story featuring one of the main architects of the worst merger in the history of American business? Well many say this was the cover that led to the near death of Time Warner. Ok we said it!

We did a look back on the good old times of Jerry Levin when he was on top of the media world as CEO of pre-merger Time Warner. What is now called old media was all the rage back then, cable, print, you name it. Time Warner was king. Until.....well you know!

Some of you may not remember but there was a time not too long ago when Comcast CEO Brian Roberts thought he was actually going to buy Disney. He believed so much that he even did a "Bob Pittman" by doing a premature Businessweek cover. People will do anything to sell an idea won't they? Seriously, where would Disney be today if this deal did happen?


Labels: , , , , , ,

A look back: The cover story that set in motion events leading to the near death of Time Warner

Published: Tuesday, December 11, 2007

-SHOMARI HINES

From time to time we like to go back, waaay back, to revisit some of the biggest Businessweek cover stories. We've went back to revisit the Businessweek cover story with then Time Warner CEO Gerald Levin who was on top of the world at the time. We also went back to revisit the cover story on how Comcast wanted to buy Disney, a deal that would’ve probably gone sour after the ink dried. Today we continue this practice. This time we look back at that Businessweek cover story that featured one of the main architects of the AOL Time Warner merger, Robert Pittman who was criticized for hawking all the attention after the merger announcement as if he was the man in charge. The cover set off a slew of rumors of infighting due to the fact that Then AOL Time Warner CEO Geri Levin felt that he should have been on the cover but was being overstepped by Pittman. It was also said that the Pittman cover was orchestrated by the AOL side to remind the Time Warner side, who was buying who.

We can understand why Levin felt that way because the cover headline which read "Show Time for AOL Time Warner. Bob Pittman's job is to implement the biggest merger in U.S. history. That's a tall order" gave the impression that Pittman was the man running the show, when in fact, Pittman shared the Chief Operating Officer title with Dick Parsons and was part of a bigger team working to get the merger running smoothly, which we all know never happened. Was Pittman directing Businessweek on the tone of the article, or was Businessweek overzealous? Who knows? But in the end, Pittman was canned, and what followed will go down in history.

Labels: , , , , , ,

Archives: