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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 03, 2009
Page
6
Time Warner plans to detach AOL and spin off the once united media giant by year end. The 2001 $124 billion merger failed as dot-com excess and culture clashes battered both firms. By 2002 AOL Time Warner posted a historic loss while old media focus grew separate, signaling a harsh lesson from a speculative bubble.
The piece surveys Detroit's grim outlook as General Motors nears federal control. It weighs risks and questions about government decisions, potential reforms, and the fate of GM, its plants, dealerships, and 325000 workers amid a deep recession and stalled recovery.
Facebook forms a major partnership with Digital Sky Technologies DST a leading but recently founded Russian firm to access capital and expertise. Yuri Milner and Alisher Usmanov drive a deal valued around 10 billion dollars reflecting a broader shift in global internet markets amid a recession. The arrangement signals enduring post Cold War ties, regulatory modernization, and potential political implications.
Editor thanks Laurel School District bus drivers for dedication and safety as the school year ends. Notes drivers transport priceless cargo, face weather and traffic, and require patience. Praises well maintained buses, experienced drivers, and community support from townships and parents.
The editorial page editor Mitchel Olszak can be reached by email. Send correspondence to nceditor at ncnewsonline.com for submissions and inquiries.
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