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Time Warner to Spin Off AOL?
image77 writes "The Washington Post is reporting that Time Warner is considering spinning AOL into a separate company via an IPO. You might recall that AOL bought Time Warner for over $100 Billion in 2001, and then went on to lose almost that much in 2002."
AOL is a dying system. It was first used as a dial up connection with an interesting GUI. this is no longer what the end user wants. They still focus on dial up, versus the exploading broadband arena. IMO this is one of the first steps to its grave. Seperation of the company who's more or less holding it afloat.
AOL? Hahaha you use AOL? damn dude.... I feel sorry for ya.
In the years since the AOL/TW merger/buyout the two companies have had numerous chances to unite their collective business models. How hard would it really be to turn AOL into a subcription service that provides access to a massive amount of content - magazines, books, music, television, movies - with tiered access options, one of which would include the old AOL ISP service? Success would be almost guaranteed, after all, the two companies had some of the best marketing departments in the world, given that they both made the majority of their money by convincing people to spend billions of dollars on overpriced entertainment.
This has to be the biggest missed opportunity of all time. If the shareholders were smart they would sieze this last chance to revolt, replace the board with people who have spines, and fire the entirety of the AOL/TW senior management, replacing them with some visionaries who actually deserve to handling a company with so many great possibilities, and not a bunch of worthless cowards afraid to transform the company into the world's first digital entertainment empire.