In today’s Washington Post, AOL founder Steve Case eloquently argues that Time Warner should split into four companies. He writes that in early 2002: “I proposed to the company’s board that it was time to ‘liberate’ and split the conglomerate into four freestanding companies—Time Warner Cable, Time Warner Entertainment, Time Inc. and AOL—each with its own strategy, stock, balance sheet, management team, and board.”

He contends that the four units would “benefit from the separation” and “that other parts of Time Warner would achieve similar results if set free from the conglomerate. Time Warner has proven to be too big, too complex, too conflicted and too slow-moving—in other words, too much like a classic conglomerate—to seize new opportunities”. He sees big potential from separation, and I can’t disagree.