Google Takes Top Media Spot

"With a current stock market capitalization of more than $80 billion, Google is now worth more than any other media company in the world. That includes Time Warner, created five years ago when AOL purchased Time Warner for $106 billion in a much-hyped combination of old and new media.
But Time Warner's share price has deteriorated since the dot.com bubble burst -- its market capitalization on Tuesday stood at $78.1 billion -- and investors view Google as the hot internet and media company these days."

Sourec: Reuters.com

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