As far as I am concerned, the only news of the day is AOL buying Time Warner. A few months ago people were talking about how large media companies would be buying up Internet companies, but now it looks like the world is moving in another direction. AOL is already worth almost half as much again as Time Warner, which counts amongst its acquisitions an American TV Network, an international chain of shops and cinemas, Warner Bros films (who made The Matrix), Time magazine and DC Comics amongst many others. AOL on the other hand owns Netscape, ICQ and now has a controlling interest in the newly merged company. And this company is affiliated with Sun Microsystems, both of them allied against Microsoft‘s domination of the computing operating system market.
Things are just getting interesting…