Tuesday, May 17, 2005
Parsons: would consider AOL spinoff -- Fortune - May. 17, 2005:
"Fortune: TimeWarner CEO would consider a spinoff if the Web division's 'portal' concept disappoints.
May 17, 2005: 8:31 AM EDT
NEW YORK (CNN/Money) - Time Warner CEO Dick Parsons said he'd consider spinning off AOL as a separate stock if the division's latest strategy doesn't pan out, according to the latest issue of Fortune magazine.
At issue is AOL's latest focus on generating advertising revenue as the division loses subscribers to its dial-up service. The goal is to launch a free 'portal' Web site with search capabilities, music, e-mail and content that is currently available only to AOL subscribers, and then sell advertising against those features..."
"Fortune: TimeWarner CEO would consider a spinoff if the Web division's 'portal' concept disappoints.
May 17, 2005: 8:31 AM EDT
NEW YORK (CNN/Money) - Time Warner CEO Dick Parsons said he'd consider spinning off AOL as a separate stock if the division's latest strategy doesn't pan out, according to the latest issue of Fortune magazine.
At issue is AOL's latest focus on generating advertising revenue as the division loses subscribers to its dial-up service. The goal is to launch a free 'portal' Web site with search capabilities, music, e-mail and content that is currently available only to AOL subscribers, and then sell advertising against those features..."
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