The AOL Time Warner merger was the largest in history, and it erased AOL. This company autopsy explains how AOL spent bubble-inflated stock to buy Time Warner in January 2000, why the 2002 loss hit a record $98.7 billion, and how the cable business Time Warner already owned made dial-up obsolete. Chapters: 00:00 NINETY-EIGHT POINT SEVEN BILLION 00:10 Why a dial-up company 00:25 Paid in paper 01:00 Half of every disc made 01:24 Twenty-six million households 01:43 A walled version of it 02:03 Priced like the future 02:22 The tenth of January, 2000 02:38 Read the direction 02:54 It needed no money 03:10 Almost exactly the top 03:24 The gap on the balance sheet 03:43 The largest writedown ever 03:59 Eight billion of his own 04:14 The disease, not the symptom 04:29 Always on 04:49 It bought its own replacement 05:07 Two halves, never one company 05:27 Both men gone 05:44 Handed back its independence 05:58 Four point four billion 06:11 Two point one million, still paying 06:23 Some had no choice 06:40 A subscription people forgot to cancel 06:50 It traded the only thing that mattered











