A decade after the fact, Gerald Levin, in an appearance Monday with AOL co-founder Steve Case, apologized for creating AOL Time Warner, and said that the merger was a mistake, reports The Hollywood Reporter.
Levin, who was the CEO of Time Warner at the time, was still vigorously defending the merger just a few weeks ago.
However this week he said on CNBC’s “Squawk Box” that "I presided over the worst deal of the century, apparently."
"I have been obviously reflecting on it," he said. "I was the CEO. I was in charge. I’m really very sorry about the pain and suffering and loss that was caused."