Feeds

Time Warner gives up selling AOL

That must be why Connie was living in her Dad's flat

Boost IT visibility and business value

Time Warner's board of directors are likely to decide today to spin-off AOL as an independent company.

The ailing dial-up internet service provider has been hawked around for sale for several years. Disney and Microsoft are among those who rejected a deal.

AOL famously began life as a dial-up ISP and covered doormats around the world with free CD subscriptions. It has moved into selling ad space to those subscribers and other web users. Although it has respectable revenues the company has never really defined itself in the way that its rivals have and its core revenue is falling.

It does have an online audience even if its not as big as rivals like Google, Yahoo or Microsoft. The company also bought social network Bebo for $850m early last year.

AOL lured Google's sales boss Tim Armstrong away in March which strengthened rumours of its standalone future.

Another issue to be resolved is sorting out Google's five per cent stake in the company. The search giant paid $1bn for the shares in 2003 but has now written down that investment to $274m.

The merger of Time Warner and AOL was a show-stopping $160bn deal in 2000. It was supposed to show us all the future of a truly integrated media giant with film and TV production alongside music and the web, but the company has never really demonstrated the benefits of that supposed integration. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.