FCC Approves Time Warner-AOL Merger

362656 09: (FILE PHOTO) Time Warner Chairman and CEO Gerald Levin, left, and America Online Chairman and CEO Steve Case give a high five January 10, 2000 in New York City after announcing that AOL was acquiring Time Warner for $166 billion in stock. On January 11, 2001, one year and one day after the original announcement, the Federal Communications Commission announced its conditional approval of the multibillion-dollar merger, clearing the way for the deal to go through. (Photo by Chris Hondros/Newsmakers)