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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (40142)	9/21/2000 1:50:04 AM
From: puborectalis	Respond to of 41369

AOL's Time Warner Buy Recommended for FCC Approval, Paper Says 9/20/00 9:46:00 PM Source: Bloomberg News Washington, Sept. 21 (Bloomberg) -- America Online Inc.'s buyout of Time Warner Inc. has been recommended for approval by Federal Communications Commission staff, if the companies open their cable lines to rival Internet services, the Washington Post reported, citing a draft report from the agency's staff. The merger would create a ''powerful duopoly'' through which Time Warner and AT&T Corp., the two largest cable companies, could coordinate their business strategies, the staff said in the draft, according to the paper. The draft concludes that a condition allowing Time Warner customers to choose their Internet provider would prevent collusion with AT&T, the paper said. The draft is an early look at the FCC's thinking about the merger and the review is not complete, the Post reported, citing unnamed sources. The commission could still move to block the merger if the companies do not accept substantial conditions, the paper said. FCC has given its staff until Oct. 12 to issue a final recommendation to Chairman William Kennard, the paper said. Attorneys for the Federal Trade Commission, which is not as far along in its review of the merger, have said they are prepared to block it if America Online and Time Warner do not guarantee that competitors have access to Time Warner's high-speed cable lines, the paper reported, without citing sources. (Washington Post 9/21) For the website of the Washington Post, see {WPST }