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AOL Time Warner Inc. and Walt Disney Co. have held talks about merging their CNN and ABC News divisions into "a stand-alone news powerhouse," the Los Angeles Times reported on Tuesday.
The newspaper, citing sources familiar with the situation, added the negotiations got a lukewarm reception last week at an AOL Time Warner board meeting.
The talks had been sporadic for 18 months, but gained momentum in recent weeks, the Times quoted sources as saying.
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The newspaper, citing sources familiar with the situation, added the negotiations got a lukewarm reception last week at an AOL Time Warner board meeting.
The talks had been sporadic for 18 months, but gained momentum in recent weeks, the Times quoted sources as saying.
Full Story