AOL Time Warner

AOL internet, Time magazine,  Life magazine,  Time-Life books, etc. , CNN,  ICQ (internet chat program)

RESEARCH FINDINGS : AOL allocates 30% of its investment portfolio in Israel. [1][4]
The buy up of Israeli company Mirabilis, creators of ICQ (internet chat program), for $287m in 1998 forms part of AOLs investment in Israel.[5]

In 1998, Mr. Ted Leonsis, CEO of AOL studios (a business unit of AOL) received the Jubilee Award by the Israeli Prime Minister Netanyahu. This is the highest tribute ever awarded by the "State of Israel" in recognition of those individuals and organizations, that through their investments and trade relationships, have done the most to strengthen the Israeli economy. [3]

ADDITIONAL INFO & REFs :

1. http://www.nilemedia.com/Home/agenda.html"... We would also challenge them to consider that AOL allocates 30% of its investment portfolio in Israel. Does that effect how CNN reports on the Israeli/Palestinian conflict? At NileMedia, we think it does. The "spin" wizards at CNN, TIME and AOL are not in the journalism business. ..."
2.  Jerusalem Post, June 27, 200    http://www.jpost.com/Editions/2001/06/27/News/News.29183.html

"...Three US companies that invest in Israel - AOL Time Warner, IBM, and Rupert Murdoch's News Corporation - were lauded at the America-Israel Friendship League's Partners for Democracy Awards dinner."

3.   Embassy of Israel website:   http://www.israelemb.org/economic/uscompanies.htm
America On Line (AOL) in Israel:   Purchased 100% of Ubique Ltd. in Rehovot in 1993 for $14.5m. Purchased Mirabilis for $287m (5/98)
4.   From ICQ website:   http://www.icq.com/company/about.html :    "A tiny Israeli company has taken the Internet by storm...ICQ is the hottest thing on the web"   (David Einstein, San-Francisco Chronicle,Feb 1998)

ICQ Inc., the successor of Mirabilis Ltd. was created when America Online acquired all Mirabilis' assets on June 1998. Mirabilis was founded in July 1996 when four young Israeli avid-computer users established a new Internet company. Yair Goldfinger (26,Chief Technology Officer), Arik Vardi (27,Chief Executive Officer), Sefi Vigiser (25,President), and Amnon Amir (24, currently studying), created the company in order to introduce a new way of communication over the Internet. ...