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This is the end of Time Warner

Tom Paine

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Time Warner is kaput. RIP.

The modern Time Warner was put together by a somewhat questionable character named Steve Ross, who operated parking lots. It was one of New York's glamour businesses, an iconic piece of Americana with big perks and expense accounts, and a cool headquarters building. Time Warner knew how to sell advertising.

When I was in business school, Time Warner was much admired. A strong old media standout with things going on such as HBO, cable systems, and interactive prototypes that in some ways envisioned the Internet.

But as the Internet began to materialize in the early 1990, Time Warner didn't know how to react and made several missteps, the largest being getting taken by a rather shady AOL outfit, and getting bought with stock that would quickly implode. Time Warner had more of an internet solution than AOL did. And Time Warner Cable, in later years prior to being spunoff, seemed to lag behind the rest of the cable industry.

The one smart move Time Warner made in later years was buying Turner Broadcasting.

2016 Gettysburg Address: Trump: Would not approve an AT&T / Time Warner deal, and would seek to break up Comcast / NBCU

Tom Paine

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In his speech at Gettysburg today, Donald Trump began by criticizing, among other things, what he sees as a concentration of power in a few media companies.

He said that if an AT&T / Time Warner combination came before him as President, it would not be approved. He also said that Comcast + NBCU was too powerful, and his administration would move to break it up.

"Additionally, Comcast's purchase of NBC concentrates far too much power in one massive entity that is trying to tell the voters what to think and what to do. Deals like this destroy democracy," Trump said.

"We'll look at breaking those deals up like that and other deals like that. This should have never ever been approved in the first place. They are trying to poison the mind of the American voter."

Trump also attacked Amazon for not paying (he must have meant not collecting) taxes. Amazon customers are now required to pay sales tax on their Amazon purchases in 29 states.

Trump comment's followed his complaints about media bias, against his campaign specifically.

Trump has several gripes against NBC (including, presumably, whomever leaked that video), and has been a frequent critic of the coverage of him by CNN (Time Warner) and the Washington Post, owned by Amazon CEO Jeff Bezos.