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Big media wants to get even bigger: AT&T is said to be in advanced merger talks with Time Warner

Bad news: Telco giant AT&T is trying to acquire Time Warner, with the apparent intent of creating a behemoth that would rival Comcast and Disney. Apparently the suits at Time Warner have not learned anything from the disastrous merger with AOL sixteen years ago. In 2000, AOL memorably bought Time Warner in what was one of the largest acquisitions in history. Time Warner eventually shed the money-losing AOL and spun it off into an independent company; it was subsequently purchased by Verizon. This rumored deal must not go through. Big media is already too big.