"Out of TIME," quipped the New York Post headline. "CASE closed," read their story's headline. Steve Case had resigned as AOL Time-Warner's Chairman.

"Certainly several at AOL Time Warner are just happy to get Case out the door," read one report. Another called Steve Case "a boyishly handsome risk taker who rose to the top of the media world but placed one bet too many..." And NPR's Marketplace had this to say about the falling fortunes of AOL's executives. "It's such a dark story it would really be like an HBO movie. Except that HBO is owned by what will soon be called Time-Warner."

Guess we'll have to settle for CNBC's harsh movie on how the disastrous merger was consummated.