homepage Welcome to WebmasterWorld Guest from 54.167.174.90
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member
Home / Forums Index / Search Engines / Alternative Search Engines
Forum Library, Charter, Moderators: bakedjake

Alternative Search Engines Forum

    
Time Warner To Split AOL
engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



 
Msg#: 3716842 posted 6:07 pm on Aug 6, 2008 (gmt 0)

Time Warner To Split AOL [reuters.com]
Time Warner Inc said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could make a sale or merger of either business easier.

The media conglomerate also reported a lower quarterly profit, dragged by AOL, but it still edged past Wall Street expectations on strong ad sales from its cable TV networks such as CNN and films like "Sex and the City."

The AOL split underscores Time Warner's focus on creating content rather than distributing it. "As we continue to reshape Time Warner, we'll increasingly focus on our goal to create and manage high-quality branded content," Chief Executive Jeffrey Bewkes said.

The company has said it plans to shed its cable services division, Time Warner Cable, by the end of the year, in a separation that will yield a $9.25 billion payment from its cable division.


 

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Search Engines / Alternative Search Engines
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved