AOL Time Warner Merger

37 Pages 9268 Words

TWE. In addition, AT&T has delivered to the Company and TWE notice of its exercise of certain rights under the TWE partnership agreement that could result in a public sale or the purchase by TWE of some or all of AT&T's interest in TWE.


In October 2001, the Company acquired IPC Group Limited, the parent company of IPC Media, a publisher of consumer magazines in the United Kingdom. IPC owns approximately 100 consumer magazine brands, selling 350 million magazines annually. It is focused on five core areas: Women; Television; Home & Garden; Leisure; and Men's Lifestyle and Entertainment.

America Online

America Online, a wholly owned subsidiary of the Company, is engaged in interactive services, Web brands, Internet technologies and electronic commerce services. America Online's operations include two worldwide Internet services, the AOL service and the CompuServe service; "AOL Anywhere" services; Netscape; AOL local brands such as Digital City, AOL Moviefone and MapQuest; AOL messaging services such as ICQ and AOL Instant Messenger; and AOL music properties such as Spinner.com, Winamp and SHOUTcast. Utilizing its "AOL Anywhere" strategy, key services, features and content of the AOL service are available through multiple platforms and devices. Through iPlanet E-Commerce Solutions, its strategic alliance with Sun Microsystems, Inc., America Online also develops and offers easy-to-deploy, end-to-end electronic commerce and enterprise solutions for companies operating in, and doing business on, the Internet.

America Online competes for subscription revenues and members' usage with a large number of companies providing Internet access, including online services such as the Microsoft Network and AT&T Worldnet, local and national Internet service providers, cable Internet access providers, and telephone companies and other companies that provide Internet access among other services. It also competes more broadly for subscription ...