Time Warner to Split AOL Into Two Businesses in '09

Media giant Time Warner (NYSE: TWX) said on Wednesday that it will officially separate its dial-up Internet access business from its content and advertising business beginning next year. "We've made the key decisions that will enable us to run AOL's access and audience businesses separately beginning in 2009," said CEO Jeff Bewkes. The move would make it easier for the company to sell one or both of the businesses, following recent discussions with suitors including Yahoo (NASD: YHOO), Microsoft (NASD: MSFT) and EarthLink (NASD: ELNK).
http://www.dmwmedia.com/news/2008/08/06/time-warner-split-aol-two-businesses-'09