Synergy Spinergy

Henry Blodgett reports that there is an article in the Walled Street Times (which I can’t read because I’m not going to pay for it) about Time Warner and it’s out of favor stepchild, AOL. It seems that Time Warner has decided that all of that synergy that was going to be realized upon the marriage of Time Warner and AOL isn’t going to come to pass after all.

In fact, Time Warner’s president calls the synergy concept “bullshit.” That’s pretty much how I feel whenever I hear one of those fancy words that mean let’s do this even though there’s no demonstrable benefit to be gained.

Henry sums up this ill-fated deal beautifully:

“Perhaps synergy is, in fact, bullshit–perhaps the merger was doomed from the moment it popped into Steve Case and Jerry Levin’s bubble-addled heads.”

AOL is like the oldies concert circuit- there’s my former hero up there on stage, but man he looks old and I can’t believe he’s come to this.

Blind and Desperate

Am I the only one who thinks all of these “me too” services being thrown up by AOL lately are tokens of desperation and a lack of vision?

TechCrunch reports that AOL is about to release a “YouTube clone.” This is on the heels of AOL’s recent launch of a MySpace competitor.

It looks to me like AOL is thrashing around in search of something to grab hold of as the walls around its closed system crumble and fall.

I don’t know if AOL can save itself or not, but I don’t think trying to become a Web 2.0 company is the most promising way to try.