Time Warner CEO Says AOL Is Not for Sale
An AP newswire article by Gary Gentile, via Yahoo! News, reports that:
Time Warner Inc. is in discussions about finding a partner to boost advertising revenue at its America Online unit — but AOL is not for sale, Chief Executive Dick Parsons said Tuesday.
"We are not interested in selling AOL," Parsons said at a press briefing before a speech in Los Angeles.
Time Warner is negotiating with different parties about a deal that could help AOL's transition from a business that relies on paid subscriptions to one that makes money based on advertising revenue, Parsons said.
He declined to give further details.
posted by Fergie @ 12/06/2005 05:30:00 PM
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