CNN, ABC News merger scuttled

Saturday, February 15, 2003

— AOL Time Warner on Thursday declared merger talks between CNN and ABC News dead, saying that despite the idea's merits there were too many problems to pursue at this time.

The move was not entirely unexpected, given that AOL Time Warner Chairman Richard Parsons had put the talks on hold in December.

It was the second time merger talks had fallen through for CNN. The cable news network had seriously discussed combining operations with CBS News a few years ago.

Such a merger was likely to raise questions about practical applications. Parsons noted both news organizations wanted to maintain control over what went over their air.