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Media
Time Warner to spin off AOL
By CMU Editorial | Published on Friday 29 May 2009
Media firm Time Warner which, remember, is nothing to do with Warner Music these days, has announced plans to spin off its AOL internet division into a separate company.
The split should happen later in the year, and brings to an end one of the earliest and most audacious internet takeovers, a merger which has long been criticised by investment types.
AOL is consistently one of Time Warner’s weakest divisions, and the move will strengthen the media giant’s financials somewhat. It’s also hoped AOL might perform better as an independent company.
