In the largest such pairing of an Internet company with a media giant, AOL, the world's largest ISP (with over 20 million subscribers) has merged with Time Warner (here's the story on ZDNet). The deal seems to be motivated by Time Warner's extensive broadband system (and AOL's recently announced WebTV style AOL TV service) but remember that Time Warner also owns some of the most famous media names in the world, including CNN, Time Magazine, DC Comics, and the entire Loony Toons library, and that they recently canned their failed Internet portal Pathfinder. The new company will be named AOL Time Warner, which is certainly the silliest renaming since Excite@Home.