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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Time Warner Inc  is working on splitting AOL's audience and access businesses and running the two as independent entities, Chief Executive Jeffrey Bewkes said on Wednesday.
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SAN FRANCISCO -- Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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AOL and a group of entertainment entrepreneurs who created a venture to produce and distribute live concerts on the Internet and elsewhere have dissolved their partnership after just 14 months, executives in the venture said yesterday.
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New York Attorney General Andrew Cuomo said a subsidiary of EarthLink Inc. has agreed to end what he called deceptive marketing practices that led to overcharges for customers using its dial-up Internet service.
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Jeff Bewkes, the new chief of Time Warner, said he planned to separate AOLâs online access and advertising businesses and possibly spin off the rest of the companyâs cable division.
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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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America Off Line Time Warner is to split up AOL - the ailing internet service provider and ad platform which paid $165bn for the film studio in 2001.â¦
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Time Warner Inc.  on Wednesday  said its AOL unit will no longer charge high-speed Internet  users for e-mail and other Web services in a gambit to attract  more viewers and boost online advertising.
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Time Warner Inc.  estimates its  AOL division would lose almost &#36;1 billion in operating profit  through 2009 under a plan to offer the unit&#039;s services free to  some customers, The Wall Street Journal said on Tuesday.
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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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France Telecom's  Orange  unit has pulled out of the bidding for the UK Internet  connection business of Time Warner Inc.'s  AOL, an  industry source close to the matter said on Thursday.
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AOL told 500 employees at the company's Dulles headquarters today that their jobs would be eliminated, as part of plans announced this summer to trim its workforce and change the business strategy.
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Telecom Italia SpA has taken time off from a reorganization that has plunged the country's politics into turmoil by paying 675m euros ($870m) cash for Time Warner's AOL Germany internet access business in a deal that will make it Germany's second largest ISP.
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Time Warner's new Chief Executive Officer announced the outline for AOL's restructuring, which may include divesting from the AOL access business and Time Warner cable unit, and even New Line Cinema.
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Time Warner Inc. (TWX) and Comcast Corp. said on Monday they had agreed to a pact giving Comcast an option to cut its interest in Time Warner Cable Inc.
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Ted Leonsis, a self-made technology entrepreneur who helped turn AOL into a multibillion-dollar business and later helped guide it through a recovery from the dot-com bust, said yesterday that he plans to step down at the end of the year from his day-to-day responsibilities at the company to focus...