Mathew Ingram:

Strategic choices? At this point, the only strategic choice for Time-Warner when it comes to AOL is the choice between whether to use a .45 pistol or a shotgun to administer the killing blow. I realize that when you’re a big-time CEO running a gigantic corporation with many moving parts, you can’t just come out and say “We are selling this dog,” but come on — everyone has to know that this is coming, right? AOL has been shedding subscribers by the millions every quarter for as long as I can remember. The access business is dying, and the body has already begun to smell bad.

That's funny, but there's a lesson in there for Microsoft, if they care to pay attention. After they buy Yahoo, a similar stench will arise from all the unintegrated and mis-integrated pieces. They think they need a leg up in the internet business, but buying Yahoo will bring them nothing but pain.