AOL Mulls CNN-ABC News Combo

Author:
Publish date:

AOL Time Warner Inc. has held negotiations with The Walt Disney Co. about
combining Cable News Network and ABC News into a new joint-venture company, the
Los Angeles Times reported Tuesday.

CNN CEO Walter Isaacson confirmed the talks in a memo Tuesday to CNN
staffers, but he said there's nothing imminent.

"The idea is intriguing, and we expect that these talks will pick up again
from time to time," Isaacson said. "At this time, CNN is not close to making a
deal, but we will always explore scenarios that can make our journalism and
business even stronger."

Related