NPR's Snigdha Prakash reports that AOL and Time-Warner completed their merger today shortly after the FCC gave its conditional approval. The deal combines the nation's largest internet service provider with the second largest cable operator. It is valued at more than one-hundred-billion dollars. In a prepared statement, the newly merged company said its "scale, scope and reach" would enable it to capitalize on the digital revolution. Analysts say declining ad revenues may hurt the new company in the short run, but were mostly upbeat about its long-run chances.
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