Time-Warner would consider AOL spinoff
Time Warner CEO Dick Parsons said he'd consider spinning off AOL as a separate stock if the division's latest strategy doesn't pan out, according to the latest issue of Fortune magazine.
At issue is AOL's latest focus on generating advertising revenue as the division loses subscribers to its dial-up service. The goal is to launch a free "portal" Web site with search capabilities, music, e-mail and content that is currently available only to AOL subscribers, and then sell advertising against those features.
posted by Fergie @ 5/16/2005 06:45:00 PM
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