Time Warner Plans to Split Off AOLâs Dial-Up Service
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Seeking to cut costs and streamline operations, Time Warner will separate AOLâs Internet access business from its Web site and online advertising business and cut 100 jobs at its corporate unit.
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EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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AOL said Monday it would move its headquarters to New York and integrate its advertising businesses into a single unit as part of its transformation from Internet access provider into an ad-driven business.
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The America Online unit of Time Warner Inc. (TWX.N: Quote, Profile, Research) is reorganizing itself into four operational units to improve decision making, the Wall Street Journal and the Washington Post reported on Tuesday.
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Ted Leonsis, the AOL senior executive who helped steer his company's transition into a provider of free services supported by advertising, will step down from active management while continuing in an advisory capacity.
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Time Warner's struggling Internet unit AOL said it was likely to lay off about 5,000 employees, or a quarter of its global workforce, in the next six months.
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AOL and a group of entertainment entrepreneurs have dissolved their venture to produce and distribute live concerts on the Internet and elsewhere.
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In a move both risky and essential, AOL is abandoning its strategy of exclusivity and will free much of its music, sports and other programming to nonsubscribers in hopes of increasing ad sales.
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Time Warner is "looking hard" at selling off the internet access portion of its AOL division over the next 12-18 months, Time Warner CEO Richard Parsons said on Tuesday.
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AOL, the world's largest internet services provider, is to split into four separate divisions to cut red tape and boost profits.
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In a move both risky and essential, AOL is abandoning its strategy of exclusivity and will free much of its music, sports and other programming to non-subscribers in hopes of boosting ad sales.
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AOL is still a big moneymaker but its subscription service is declining and no longer seems to fit with Time WarnerÂs plan for more growth.
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By ANICK JESDANUN  NEW YORK - Ted Leonsis, the AOL senior executive who helped steer his company's transition into a provider of free services supported by advertising, will step down from active management while continuing in an advisory capacity.
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Time Warner Inc. and Comcast Corp. have signed an agreement that gives Comcast the option to cut its stake in Time Warner Cable, paving the way for the two companies to disentangle their partnership.
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Time Warner Inc.  said on Thursday it will make a decision on AOL's future by the end of the year, addressing rampant speculation the online unit could be spun off or merged with another company.
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As part of an ongoing effort to distance itself from the ISP business both domestically and in Europe, AOL parent Time Warner said Monday it is selling AOL Germany to Telecom Italia for about $870 million in cash.
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DULLES, Va. -- Time Warner Inc.'s America Online division, the biggest US Internet service, said it cut 750 jobs, or about 4 percent of its workforce, amid subscriber losses.