TITLE

AOL Split Slated for 2009

AUTHOR(S)
Schachter, Ken
PUB. DATE
August 2008
SOURCE
Red Herring;8/6/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article unveils the plan of Time Warner to split the advertising and dial-up subscription businesses of its AOL unit in early 2009. Revenue of AOL decreased by 16 percent in the second quarter of 2008, while dial-up subscription business decreased by 29 percent. Time Warner Chief Executive Jeffrey Bewkes announced the plan during a conference call. Meanwhile, the company still forecasts a $1.07 to 1.11 earnings per diluted share in 2008.
ACCESSION #
36670508

 

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