Wasn't this the entire point of AOL mergin with Time Warner about five years ago?
All the papers are just reporting this as some kind of innovation for AOL. SUrely the quesiton should be what took them so long?
For the companies in question, it's the only way they're going to be able to make any significant money out of their old shows. THe fact that one of the 'channels' is going to be dedicated to shows that feature stars before they became famous is an indication of the quality of the programming.
At least it will be going ahead. I hope the BBC's service comes online soon and shows all these monkeys how it should be done!