AOL Time Warner cut more than 2,000 jobs Tuesday in what officials from the recently-merged company said was a move to streamline operations.

The Federal Communications Commission gave conditional approval to America Online's acquisition of media conglomerate Time Warner. With the FCC's approval, the merger creating the nation's largest media empire has cleared its final hurdle.

Top Internet services provider America Online Inc. will buy Time Warner Inc., the world's largest media and entertainment company, for about $166 billion in stock, the companies said, in what ranks as the largest corporate merger deal ever.

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