Stories by David Sims

Warner Buys EMI, Makes AOL Look Smarter

Friday's news that old media (the recording industry) and new media (MP3.com) are still waging war over who will control online distribution seemed so ... 1999. At least, it seemed that way in light of Monday's news that new media (America Online) would solve the problem by simply swallowing old media - not only Time Warner, but also EMI's music group. A day before the deal was announced, the Sunday press was all over the news that Time Warner planned to spend about $1 billion to take over EMI, reducing the number of top players in the recording industry from five to four.