Steve Case resigns from the board of Time Warner Inc.
AOL founder Steve Case has apparently resigned from the board of the parent company of AOL, Time Warner Inc. He had already stepped down as the chairperson in 2003 and was one of the biggest forces behind the merger of AOL and Time Warner. AOL has seen a decline in their popularity amongst users in the recent days but the market is again interesting as it is considering merger with some of the online portals out there.
All the three online giants, Microsoft MSN, Yahoo!, and Google have shown interest in a possible deal with AOL. Steve Case said in a statement: “I strongly believe that AOL – once the leading Internet Company in the world – can return to its past greatness. Over the past few months, I have been pleased to see a renewed focus on AOL at Time Warner, and the emergence of so many strategic alternatives.”
AOL has been losing tons of their subscribers of dialup services every year. And they are now concentrating on improving on their online content services to gain revenues from advertisements. Steve Case considers it the right time to move on to concentrate on his next mega venture Revolution, which provides health-care and wellness programming and services.