WSJ: Time Warner Ready to Deal AOL Pieces


By jamielendino Comment


The Wall Street Journal is reporting that Time Warner has completed the internal paperwork necessary to separate its AOL unit’s dial-up-access business from its advertising and content business. Time Warner is expected to make a statement to this effect tomorrow (Wednesday), after which it will begin planning AOL’s next steps—including a potential sale of either one or both businesses.

We never quite figured out why AOL spent $850 million on social networking site Bebo. A certain head honcho at Time Warner agrees with this confused assessment. Regardless, AOL has been making preparations for a sale for some time now, so it’s only appropriate that we finally hear it officially from Time Warner. At least we already know one company that’s not interested.