- Fox CEO wants US to join France on Internet piracy
- Scientist: Leak of climate e-mails appalling
- Newspaper circulation may be worse than it looks
- GE, Vivendi talks over NBC Universal stretch on
- B&N Nook sells out, too late for holiday orders
- Dell's profit, stock drop on weak quarterly report
- Google's Chrome OS to be ready for 2010 holidays
- Google adding automatic captions to YouTube videos
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
- Start-Up Proves Everything Really Is Better With Bacon
- TV Retailer QVC Joins `Black Friday' Frenzy
- S&P Stocks Trading at New 52-Week Highs
- China Asks Its Banks to Slow Down
- Paul: Audit the Fed
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- Existing-Home Sales Jump to 2-1/2 Year High
- Even Buffett's Huge Fame Can't Help the Name 'Warren'
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Maria Blog: Are Crazy Retail Deals Good for Business?
- Suze Orman’s 'A Healthier, Wealthier You'
- Latest Holiday Drinks: The Madoff...and the TARPatini
powered by digg
Time Warner Looks to Spin Off AOL on December 9th
Published:
Monday, 16 Nov 2009 | 4:51 PM ET
Text Size 
By: AP
 |
CNBC.com |
Time Warner Inc. [TWX
Loading...
()
] said Thursday it has declared a dividend on the AOL shares it owns that will result in a complete separation of the two companies.
On December 9th, Time Warner stockholders of record November 27th will receive AOL common stock for every 11 shares of Time Warner common stock they hold.
Time Warner was initially purchased by AOL in 2001. The media conglomerate had said earlier this year it would spin off AOL after years of trying unsuccessfully to integrate the two companies.
© 2009 CNBC.com
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes