Skip navigation


Current DateTime: 07:38:49 24 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 07:38:49 24 Nov 2009
LinksList Documentid: 33793611
  • A Healthier & Wealthier You

      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 07:38:49 24 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
Time Warner Set for AOL Spinoff: Report
By: CNBC.com | 28 May 2009 | 05:13 AM ET
Text Size

Time Warner is set to announce a separation of its AOL Internet division as soon as Thursday, the Wall Street Journal reported.

Time Warner Chief Executive Jeff Bewkes has signaled for months that the media giant was likely to move forward without AOL, the Journal reported. The company said last month it expected to spin off all or parts of the business.

Time Warner's board are expected to meet and approve of the separation of AOL into an independent company on Thursday, the Journal said, citing people familiar with the matter.

Bewkes, who has headed the company for just over 15 months, has been moving ahead with plans to focus Time Warner on its film, television and other content-creation businesses, the newspaper reported.

According to the paper, Time Warner amended its debt agreements to clear the way for an AOL spinoff and hired Google advertising executive Tim Armstrong as AOL's CEO in March, a move Time Warner indicated was a precursor to a likely separation.

AP

Time Warner is likely to turn out AOL as a single company and has not secured an independent valuation of AOL, a necessary step for its plan to buy Google's [GOOG  Loading...      ()   ] 5 percent stake in the unit, the Journal reported.

Time Warner [TMX  Loading...      ()   ] shares closed 2.2 percent lower at $23 on Wednesday.

© 2009 CNBC.com
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
  • Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
  • …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
  • A diet high in fat and sugar might actually be good for your portfolio.
  • One shopper explains why he gets up at 3am on the day after Thanksgiving to go shopping every year.
  • From the AIG&T to the Merrill Lychee, Jane Wells lists this year's holiday cocktails.
ADD COMMENTS
Remaining characters


Current DateTime: 05:23:04 24 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:16 24 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:09:39 24 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:06:03 24 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters