Time Warner. The largest media conglomerate today is Time Warner (briefly called AOL-Time Warner; the AOL was dropped from the name when accounting practices at the AOL division were questioned by government investigators), which reached its current form when America Online bought Time Warner for $160 billion in 2000. The combined company had revenue of $39.5 billion in 2003. The merger brought together Steve Case, a Gentile, as chairman of AOL-Time Warner, and Gerald Levin, a Jew, as the CEO. Warner, founded by the Jewish Warner brothers in the early part of the last century, rapidly became part of the Jewish power base in Hollywood, a fact so well-known that it is openly admitted by Jewish authors, as is the fact that each new media acquisition becomes dominated by Jews in turn: Speaking of the initial merger of Time, Inc. with Warner, Jewish writer Michael Wolff said in New York magazine in 2001 "since Time Inc.'s merger with Warner ten years ago, one of the interesting transitions is that it has become a Jewish company." ("From AOL to W," New York magazine, January 29, 2001)
The third most powerful man at AOL-Time Warner, at least on paper, was Vice Chairman Ted Turner, a White Gentile. Turner had traded his Turner Broadcasting System, which included CNN, to Time Warner in 1996 for a large block of Time Warner shares. By April 2001 Levin had effectively fired Ted Turner, eliminating him from any real power. However, Turner remained a very large and outspoken shareholder and member of the board of directors.
Levin overplayed his hand, and in a May 2002 showdown, he was fired by the company's board. For Ted Turner, who had lost $7 billion of his $9 billion due to Levin's mismanagement, it was small solace. Turner remains an outsider with no control over the inner workings of the company. Also under pressure, Steve Case resigned effective in May 2003. The board replaced both Levin and Case with a Black, Richard Parsons. Behind Parsons the Jewish influence and power remains dominant.