Google’s dethroned Time Warner as the most valuable media company on Wall Street based on market cap. Google closed Monday at $290.94 share with a market cap (shares times price) of $80.8 billion compared to $17.02 and $79.8 billion for TW; at midday, Google’s up to $294. Back in the heady January 2000 days of the Time Warner-AOL merger, AOL’s cap was $164 billion compared to TW’s $83 billion. As The Hollywood Reporter notes, TW is now worth less with AOL than it was without it. But THR also reminds that annual revenue is another measure of value and TW’s $42 billion-plus dwarfs Google $3.8 billion.
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