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AOL Time Warner chief backs concept of CNN merger
AOL Time Warner Chief Executive Richard Parsons supports the concept of merging CNN with a big broadcast network's news operation -- a move that his predecessors struggled with.
In recent weeks, AOL Time Warner and Disney have discussed merging CNN with Disney's ABC News to create a stand-alone news operation. But AOL Time Warner's board balked at an initial proposal and directed company executives to work out a better deal, according to individuals close to AOL Time Warner.
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