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allow its users easy ac-                    they would acquire Time-   choose the industry standard, Associ-
            cess to the web through   “...no one        Warner as well and be-     ated Press, CNN, or New York 1 News.
            their service.  While                       come one of the largest    How about catching up with the latest
            CompuServe would    could've imagined       media companies.           adventures of Bat-Man & Robin, Bat-
            support the web as well,  that by early 2000,        If merged with Time-  Man Beyond, Superman, or another
            they would mistakenly   AOL would           Warner, AOL would gain     DC hero or villain?  The latest issue
            charge the web as a   announce they         direct ownership of all the   could be available for download on
            premium service, thus   would acquire       creative and intellectual   AOL!  What about sports?  Do you fol-
            making users pay by the                     properties of a company    low Major League Baseball, WCW
            hour for something that   Time-Warner as    with over 78 years of his-             Wrestling, or the Na-
            AOL would cover as   well and become        tory.  Imagine what                         tional Hockey
            part of their basic ser-  one of the largest   AOL could do with                         League?  All the
            vice plan.  With their   media              properties such                               latest scores,
            basic service plan and                      as Time-Warner                                  interviews,
            their support of the web,   companies.”       Books &                                        matches,
            AOL would go on to                          Magazines,                                       and results
            slowly wrestle control of                   Time-Warner                                      from all
            the Internet away from CompuServe.     Interactive, Warner Bros                              your favor-
                 With the web craze in full swing by   Television & Movies,                              ite news
            the mid 90s, AOL would go on to post   Time-Warner Records,                                  sources
            record profits with its subscriber base   and Turner Entertain-                              like Sports
            soaring past 6 million (Note: In May   ment.                                                 Illustrated,
            2000, the SEC - Securities and Ex-       The results could be                               CNN/SI, and
            change Commission - slapped America   astonishing, with web users                          Time-Warner
            Online with a $3.5 million fine for finan-  benefiting most from this un-                Sports may all
            cial reporting violations in the fiscal   ion.  Off hand, the days of logging          be available on
            years of 1995 and 1996—AOL reported   in to various web sites could                       AOL.
            profits for six of eight quarters instead   be over.  Would you like to   An All Too Familiar Looking CD        What about
            of their actual losses— while competi-  read the latest issue of your                     Internet users
            tors like Delphi and GEnie lost money   favorite online magazine like                     who don't sub-
            and almost completely faded away.)   Fortune, Life, Money, or People?  Want   scribe to AOL?  That may not be a
            took everyone by surprise because al-  to watch a streaming video of a Warner   problem either.  Just log on through
            most every industry insider expected   Bros. movie, television show, or origi-  AOL's web page at "www.aol.com" and
            Internet companies to continue to lose   nal webisodes from Time-Warner   you may have access to some of the
            money for some time to come.       Online?  Maybe an interview with your   same features that AOL users may
                 In late ‘96, AOL would revolutionize   favorite celebrity about his or her new   soon enjoy.  You're sure to find some-
            the Internet world by offering unlimited   movie?  How about listening to the lat-  thing of interest to you without having
            access to the Internet and thus begin   est samples of your favorite Warner   to surf endlessly.  A great deal of infor-
            putting the final nails on CompuServe   Bros. recording artist?  Well, just click   mation will be available to you on one
            and Prodigy's coffins.  By allowing   and you're set.  There may not be any   site even if you subscribe to another
            companies to advertise                        need to remember a       Internet Provider.
            banners on their service   “Someday soon, no   dozen screen names and        Let's not forget that AOL users will
            as a means to offset the                      passwords to access      still have access to all of AOL's regular
            loss of hourly charges,   matter where you    these sites.  No more    features like Instant Messaging, Digital
            AOL would turn the pri-                       hassles of having to join   City, AOL MovieFone, forums and
            vate medium into an            are on the     an e-mail newsletter or   message boards.  It's almost a “can't
            open door medium                              taking a survey before   lose” when you factor in everything this
            where any company            Information      you listen to a new re-  merger brings.
            could get their message                       lease.  All you have to be        What about AOL’s other dealings?
            across to millions of   Superhighway, all     is a member of AOL.      AOL agreed recently to work with
            Internet subscribers by                            Would you like to pre-  Sprint and other Wireless Services.
            simply advertising with   roads will lead to   view the latest Time-   Could you be receiving your AOL e-
            AOL.  In many ways, it's           AOL.”      Warner Interactive ar-   mail and Instant Messages from any-
            just like a radio or televi-                  cade or home video-      where on your cell phone any day
            sion station taking ad-                       game?  Through AOL,      now?  How about accessing AOL in
            vertising except the user                     you could possibly be the   your kitchen?  AOL and Gateway have
            can choose whether or                         first to test, play, chat,   teamed up to bring small Internet appli-
            not to bother with it.             find hints, and post messages and info   ances for your home as early as this
                 By late 97, AOL would officially be-  on any number of new titles coming out   coming holiday season.  The world is
            come the world's largest Internet pro-  without the hassle of visiting numerous   about to get more AOL from anywhere.
            vider when it acquired CompuServe   gaming websites.  How about possibly        One thing is for certain; the merger
            from H&R Block (H&R Block would sell   playing the game against another   between America Online and Time-
            CompuServe to AOL and World-       member?  With over 22 million sub-  Warner will create an information and
            Comm).  No one could've imagined   scribers, someone has to be up for a   marketing juggernaut!  Someday soon,
            that CompuServe's parent company   challenge at all times of the day or   no matter where you are on
            would grow tired of its aging Informa-  night!                         the Information Superhigh-
            tion Service and sell out to AOL.  Then        Want the latest news?  How about   way, all roads will lead to
            again, no one could've imagined that   being able to select from a few sources   AOL.
            by early 2000, AOL would announce   all from one service?  You could

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