Dan joined the station in 2004 as producer of WNYC’s All Things Considered and later moved on to Morning Edition. He works closely with the show’s host to keep the content interesting and fresh. He also handles breaking news, such as the transit strike, and reports on a variety of stories, ranging from the court battle over same sex marriage to the efforts to bring a NASCAR race track to Staten Island.
Time Warner to Split AOL into Separate Company
Thursday, May 28, 2009
New York, NY –
Time Warner plans to spin off AOL into a separate company. It's a move that's been expected for months and marks the end of an ill-fated media marriage. WNYC's Dan Blumberg reports.
In a joint statement, the CEO's of AOL and Time Warner say splitting into two companies will help both focus on their core businesses. For Time Warner, that means more attention to film, TV, and other content. For AOL it's a chance to restore luster to a brand that once defined the Internet for many users.
It was back in 2000 when the startup AOL stunned the world by announcing it would buy the venerable Time Warner to create the world's largest media company. But the $147 billion merger turned out to be an embarrassment, leading to lawsuits, declining sales, regulatory hurdles, and heavy losses. Eventually the very name AOL Time Warner was dropped in favor of simply "Time Warner."
Now both companies will have to figure out how to profit when advertisers are cutting back.