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More From Spin Off City: AOL?
As written on Money.CNN.com, "Time Warner CEO Dick Parsons said he'd consider spinning off AOL as a separate stock if the division's latest strategy doesn't pan out, according to the latest issue of Fortune magazine." After the post-TeleCom 1996 Bill/"corporate synergy" bull run -- where AOL bought/merged with Time Warner -- and several years after the new millenium dot com meltdown -- which saw AOL's shares take down Time Warner's market value, AOL is dangling the recently-popular media kingdom idea of spinning divisions off which no longer seem to fit the "synergy" model (Viacom, Clear Channel, etc.).
If this is chosen course for AOL, Dick Parsons will have truly reimagined AOL Time Warner post-Gerry Levin/Steve Jobs marriage. And restaked value in "old media" being the stronger media...at least for 2005.
Click the headline to read the full article.
posted by Unknown @ Tuesday, May 17, 2005,
