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Thursday, Dec 1, 2022
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AOL isn’t a must buy for Disney, CEO says

NEW YORK – Walt Disney Co. CEO Robert Iger detailed several ways that Disney hopes to benefit from high-tech – but one of them isn’t buying AOL, which many expect to be for sale soon. Iger said the company was still looking for new ways to adapt as people make greater use of technology to get entertainment, such as using searches on Google Inc. or downloading movies and TV shows from Apple Inc.’s iTunes service. Speaking to a media conference in New York hosted by The McGraw-Hill Cos., which owns Business Week magazine and Standard & Poor’s, he left open the possibility of making acquisitions. But he ruled out Time Warner Inc.’s AOL as a purchase target. Read the full story at http://www.dailynews.com/ci_8551070

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