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Time Warner announce plans to split AOL in two

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Posted August 7, 2008 by admin in News

In conjunction with releasing its financial results for its second fiscal quarter of 2008, Corporate giant Time Warner has said it plans to split AOL’s Internet and advertising businesses, in a move that would make it easier for Time Warner to sell either unit, or enter into a merger involving only one part of AOL’s current operations.

Once the top-flight symbol of “new media,” the Time Warner/AOL merger didn’t work out as well as the companies hoped, and now Time Warner is seeking to divest itself of all or part of its remaining AOL components as the company refocuses on creating content (like print media, television, and film) rather than distributing content?both its own and content from rival companies. In April, Timer Warner announced plans to separate itself from its cable business by the end of 2008.

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