No news here

AOL/TW and Disney are considering merging their news operations. AOL/TW has been looking for a broadcast outlet for CNN for some time, and Disney is looking to save a buck or two.
This will no doubt engender some hand-wringing among people who are concerned about media consolidation, but the real problem is that there is so little initiative and diversity of coverage among the existing players that TV news is already dead for all intents and purposes.