Ex-Time Warner Chief Sees Need to Move ‘Real Fast’ in Streaming
- Jerry Levin recalls challenge engineering AOL-Time Warner deal
- Levin, fighting kidney failure, takes role at dialysis company
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Nineteen years ago, Jerry Levin led media conglomerate Time Warner Inc. into its ill-fated $164 billion megamerger with AOL Inc. -- an ordeal that the former chief executive officer says resonates today in another tumultuous era for entertainment.
Time Warner and its HBO, Turner and Warner Bros. assets have been controlled by AT&T Inc. since an $85 billion combination last year. While Levin cautioned that his words shouldn’t be taken as advice to Randall Stephenson, his experience attempting to navigate an unwieldy new company could be instructive to the AT&T CEO.