Gerald M. Levin, former Time Warner CEO responsible for AOL merger, dies at 84


Gerald M. Levin

Gerald M. Levin Photo Credit: China Photo

Former Time Warner CEO Gerald M. Levin died in a hospital in Long Beach, California at the age of 84, confirmed by his grandson Jake Maia Arlo. new York Times. Although the cause of death has not been disclosed, Levin had been battling Parkinson's disease.

Levin's tenure at Time Warner was marked by both triumph and turmoil. Named co-CEO in 1992, Steven J. He became sole chief executive following Ross's death. However, Levin's legacy will forever be linked to his ill-fated merger with AOL in 2000, a deal valued at $350 billion.

The AOL Time Warner merger, announced during the dot-com bubble, quickly unraveled in the wake of the dot-com recession, resulting in a staggering $100 billion loss in 2002 and Levin's resignation.

Before the AOL debacle, Levin had a distinguished career at Time Warner. Joining as a lawyer, he became CEO of Home Box Office (HBO) in 1973, where he pioneered the broadcast of HBO's signal nationwide via satellite, a move that revolutionized the television industry. .

In addition to his role at HBO, Levin played a key role in Time Warner's merger with Warner Communications and subsequent acquisition of Turner Broadcasting System, which brought iconic networks such as CNN, TBS, and Cartoon Network under the Time Warner umbrella.

Born in Philadelphia, Pennsylvania, in 1939, Levin earned degrees from Haverford College and the University of Pennsylvania Law School. Throughout his life, he married three times, survived by four children, and was predeceased by his son Jonathan.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *