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Time Warner Confirms Split With AOL
ausekilis writes "Many outlets are reporting that Time Warner has confirmed plans to spin off AOL. All that's left to deal with are a few financial hurdles, such as buying out Google's 5% stake in AOL. The interesting part of the story is that both AOL's CEO and Time Warner's CEO said effectively the same thing, that AOL will be better off as an independent unit, as opposed to 'a cog in the Time Warner wheel.' Interesting to note that when they originally merged, the idea was for AOL to be a one-stop shop for all your internet goods. Makes you wonder what would have happened if Time Warner had invested in AOL as an exclusive media outlet for movies, TV, music, etc. Perhaps AOL would have regained some speed and become the prominent household name it once was, instead of being that company who sent us all the free coasters."
Do we really need those all-inclusive portals anymore ? Time Warner might be thinking along those lines..
About the only thing that AOL really has that are of any worth are AIM and a few blogs such as Engdaget. Other then that they have ruined their reputation too much to be profitable in any other thing.
Taxation is legalized theft, no more, no less.