TheStreet.com TV Recap: Is Google the Ultimate Web Winner?

Even though CEO Dick Parsons did a great job saving Time Warner (TWX Quote), in the end it seems to be falling prey to the fact that anything that is advertising supported is now in question, even if it's online, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Web video Monday.

There's a belief, he said, that the advertising community doesn't know where to go other than Google (GOOG Quote). Cramer believes AOL is a very valuable property. "There are many people who go to it, its instant messaging is still very good and it's still on many people's home page," he said. "It's a tremendous driver of traffic."

He also believes cable's really terrific, Cramer said. "It's a great cash cow." On a side note, Comcast (CMCSA Quote) is down as much as AOL, so the decline, he said, is not specific to Time Warner. ...