Gee, remember when everybody was frantic because AOL and Time/Warner were going to take over the known universe? Kind of like everyone thought that Japan was going to buy up America.

I don’t usually engage in schadenfreude, but I’ll make an exception in this case, because it’s so poetically just.

The AOL meltdown has busted Ted Turner. Guess no more big giveaways to idiotic causes for him.

And I found this sentence most amusing:

His ex-wife Jane Fonda was much luckier and escaped major damage from the wipeout. In her prenuptial pact with Ted, she got a maximum of $10 million in AOL stock, but in the past year she gave away most of it to environmental causes and liberal Democrats running for public office.

I hope they held and didn’t sell.