I have Time Warner stock and was excited about the merge. AOL had been steady for some time and Time warner was already offering cable internet in lots of places you wouldn't think.
I thought thier marketing approach was all wrong in packaging up cable and subscription packages. AOL is still too focused on throwing bullshit upsell ads in your face.
Then again when the web first come along there were all kinds of small ISP's selling dial up. You wondered why the major telco companices didn't come in. They waited for people to catch up, put all their ducks in a row and hammered out all the small ISP's.
AOL/Time Warner can take losses now because I think they have an even bigger plan when technology catches up and they merge digital TV and interactive services. Everything on demand. They'll take that lead.