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. and Comcast Corp. on Monday agreed to a pact giving Comcast an option to cut its stake in Time Warner's cable unit, opening the door for Comcast to unwind the entire partnership.
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PARIS/LONDON  - France Telecom's FTE.PA Orange   unit has pulled out of the bidding for the UK Internet   connection business of Time Warner Inc.'s TWX.N AOL, an   industry source close to the matter said on Thursday.
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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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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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Averting a looming court battle over how it has been handling 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 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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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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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...
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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 said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.
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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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Time Warner Inc.  said on  Thursday it will make a decision on AOL&#39;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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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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Time Warner Inc, the world&#39;s largest  media company, will &quot;look hard&quot; in the next 12 to 18 months at  possibly selling off its AOL dial-up Internet access business,  similar to its strategy in Europe.
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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.
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By MATT MOORE  FRANKFURT, Germany - Time Warner Inc. is giving up its foothold in one of the fastest-growing markets for broadband Internet access with a deal to sell AOL Germany's Internet access business to Telecom Italia SpA for about $870 million.