21.   Then last Friday, in the latest big media merger, Time Warner Inc. agreed to acquire the Turner Broadcasting System.

22.   This kind of tsk-tsking about media mergers has become the big journalism issue of the day.

23.   To be sure, the recent history of big media mergers is hardly comforting for shareholders in either AOL or Time Warner.

24.   Wall Street and many industry observers have come to view the big media mergers of the past decade as the natural course of things.

25.   What about media mergers?

26.   In the most daring media merger yet, online pioneer America Online is buying venerable Time Warner Inc., the largest media and entertainment conglomerate in the world.

27.   They fear the FCC will scale back oversight of media mergers, setting off a wave of consolidation.

28.   Though Koogle would not directly say whether Yahoo is considering a major media merger, he indicated to The Associated Press that he opposes the idea.