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CNBC Presents "MARRIAGE FROM HELL: THE BREAKUP OF AOL TIME WARNER"

Dec 27, 2009 - 7:18:51 AM



One-Hour Documentary Reported by CNBC's David Faber to Premiere on CNBC on Wednesday, January 6th at 10PM ET/PT

The union of AOL and Time Warner-consummated in 2000 at the height of the Internet bubble and heralded as the perfect marriage of old and new media, was touted as "The Deal of the Century." Instead, it proved to be an epic debacle and didn't last a decade. Now, following the recent breakup, CNBC, First in Business Worldwide, takes a new look at how the merger-widely considered the worst deal of all time-came to be.

On Wednesday, January 6th at 10PM ET/PT, CNBC presents "Marriage from Hell: The Breakup of AOL Time Warner," reported by award-winning correspondent David Faber. The CNBC Original, building on a documentary first reported by Faber in 2003, tells the inside story of how one of the most momentous deals in history came together -and disastrously fell apart-with new insight from its chief architects: Gerald Levin and Steve Case.

Faber sits down for an unflinching interview with Levin, the former CEO and Chairman of Time Warner who was vilified for making the deal. Levin speaks with unprecedented candor both about his professional regrets involving the merger and his personal regrets about returning to work so soon after the tragic death of his son, and grants a peek into the new life he has crafted for himself today. The program also features reaction to the breakup from Steve Case, the former CEO of AOL, who discusses why he stepped down from AOL Time Warmer.

The one-hour documentary also gives viewers an inside look at a merger that was troubled from the outset through interviews with some of the of the top media moguls of our time including Sumner Redstone, owner and CEO of Viacom, Inc.; Rupert Murdoch, Chairman and CEO, News Corp.; Michael Eisner, former Chairman and CEO, The Walt Disney Company; Barry Diller, Chairman; and CEO, IAC; and John Malone, founder and Chairman, Liberty Media Group.

For more information including web extras and extended video clips, log onto marriagefromhell.cnbc.com.

Mitch Weitzner is the Senior Executive Producer of "Marriage from Hell: The Breakup of AOL Time Warner." Lori Gordon is the Senior Producer. Ray Borelli is the Vice President of Strategic Research, Scheduling and Long Form Programming.


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