AOL Secret merger talks?

AOL Time Warner CEO Gerald Levin and AT&T Chairman Michael Armstrong met secretly Thursday night on details of a merger of the two companies’ cable systems, the New York Post reported Monday, citing no sources. Such a merger would create a cable company that would represent 40 percent of all the cable operations in the country, the Post observed. Under the proposed merger, AT&T would own about 50 percent of the combined entity, while AOL Time Warner would hold about 40 percent.