BUSINESSWEEK ONLINE : OCTOBER 16, 2000 ISSUE
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What a Difference 10 Months Make


Why the AOL Time Warner marriage is less attractive today

-- AOL's stock is down 20% since Jan. 10, and the climate for Internet plays on Wall Street has grown icy

-- Time Warner can't renegotiate because no safety measure guarding against stock fluctuations was written into the deal

-- With the Federal Trade Commission, Federal Communications Commission, and the European Union poring over details, AOL Time Warner may have to agree to costly concessions to get approval

-- The coming clash of cultures could affect how the content units, from movies to television to music, operate



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RELATED ITEMS
Commentary: AOL Time Warner: The Thrill Is Gone

CHART: Investors Are in a Holding Pattern

TABLE: What a Difference 10 Months Make



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