Breaking

Drudge is running a teaser, above the mast, that AOL Time Warner and Disney might merge CNN and the ABC News division.

No shock, no outrage — this is good business sense.

The full story, if true, should be available in the morning. Keep an eye on CNN and/or Drudge for details.

UPDATE: AOL Time-Warner would then spin off the combined “news powerhouse,” raising some much-needed cash. But I wonder how much of this is merely rumor, designed to keep a resurging Ted Turner in his place?

SECOND UPDATE: Had to trim some text — silly mistake on my part, resulting from too little sleep and that second martini.