Wednesday, June 15, 2005

AOL-cable spinoff possible

Via CNN/Money.

Time Warner is considering spinning off Internet service provider America Online in combination with its cable operations, according to a published report Wednesday.

The world's largest media conglomerate has been planning to issue a minority stake in Time Warner Cable, the nation's No. 2 cable operator, for several years. According to the New York Post, the company is now considering including AOL with Time Warner Cable when that stock issue occurs.

A company spokesman denied the report.

"We're not considering spinning off AOL or combining it with our cable company," the spokesman told the Post. "The company is supportive of AOL's strategy to monetize its significant Web presence."


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