This is what the FT said about the bosses of AOL and Time Warner when the two companies merged ten years ago:
The future they have glimpsed is one in which consumers and employers live in a permanently connected world. Broadband communication networks would pipe all manner of information and entertainment to television sets, personal computers and other appliances not yet imagined. Ubiquitous wireless gadgets would make it possible to work, communicate and be entertained from anywhere.
They weren’t that far wrong, even if the merger didn’t work out. Michael Skapinker says: “The problem was that, having precisely foretold the future, they could not get their company to deliver it.”
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