• New York Post, Monday, February 5, 2007 11:01 AM

Proof that no one can predict the future: three years after a stuck-looking Comcast Corp. attempted the monumental task of taking over the languishing Walt Disney Company, both companies find themselves flourishing. Turns out a blockbuster AOL Time Warner-esque marriage wasn't the answer to Disney's woes. A little refocusing (into digital media in particular), a resurgent ABC, the re-addition of Pixar helped the House of Mouse get its groove back.

In the end, it was better for each company to stick to what it does best: Comcast providing media services, and Disney creating content. Sounds like AOL-Time Warner, doesn't it? Looking back, it's hard to see the logic in a merger that likely would have resulted in closed-off content.

Big media is still struggling to meet the demand of the digital age. Bulky telecom-like mergers haven't been the answer. Focusing on building or buying Internet content has: News Corp. and MySpace, heavy investment by companies like CBS in its digital offerings, and a mammoth business model shift at Time Warner's AOL have helped these companies in the stock market.

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