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Time Warner to reveal AOL cost-cutting plan

     
11:21 am on Jul 12, 2006 (gmt 0)

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Time Warner said on Tuesday that it would unveil the new business strategy for its AOL division on August 2, after it releases its quarterly financial results.

The company also said that recent reports about its plans for AOL included incomplete or “largely erroneous” financial information, and urged investors not to draw conclusions before the presentation.

Time Warner to reveal AOL cost-cutting plan [ft.com]