Time Warner disconnects AOL
Time Warner said yesterday it’s board has approved plans to separate out its AOL division, in a widely expected move that will rid the media giant of one of its weakest divisions.
Due to be completed at the end of this year, the deal would once again make AOL an independent, publicly traded company, and close the door on a massive merger between the two media companies in 2000. Critics say the merger failed to live up to its promise, which the once-dominant internet service provider being left behind by competitors.