Google now most valuable media company - Yahoo! News: "With a current stock market capitalization of more than $80 billion, Google is now worth more than any other media company in the world. That includes Time Warner, created five years ago when AOL purchased Time Warner for $106 billion in a much-hyped combination of old and new media.
But Time Warner's share price has deteriorated since the dot.com bubble burst -- its market capitalization on Tuesday stood at $78.1 billion -- and investors view Google as the hot internet and media company these days.
Other, more traditional, media companies trail Google's stock market worth by even more. Viacom Inc. and Walt Disney Co., for instance, hold stock market capitalization of between $54 billion and $55 billion."