AOL Time Warner: It's official

US regulators have granted final approval for the birth of the world's largest media company, AOL-Time Warner.

By Ben King, 12 January 2001 10:00

NEWS The Federal Communications Commission yesterday voted 3-2 in favour to allow the $106bn merger to proceed. The decision comes exactly a year and a day after the deal was first announced. However, Time Warner will be forced to allow rival internet companies access to its cable TV networks. AOL-Time Warner will also be obliged to open the Instant Messaging services running over their broadband networks to competitive instant messaging providers. Time Warner has the second largest collection of cable systems in the US, as well as a vast magazine publishing business including Sports Illustrated and People Magazine. The group also owns CNN, HBO and Warner Bros. AOL has close to 29 million internet subscribers worldwide. If you want to have your say on this or any other story on silicon.com then register your comments below in our Reader Comments section.

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