Profitable AOL Europe Shrugs Off Buyout Talk

Time Warner’s AOL Europe Internet chief Philip Rowley said on Thursday the unit’s recent push into the black should dash all speculation that it’s on the block. Speculation has been rife for over a year that the cash-strapped Time Warner, the world’s largest media company, would sell off its consistent money-losing operation AOL Europe.

Rowley would not disclose the profit figure, but he said the company reached the milestone for the full-year 2003, a year ahead of the company’s previous prediction.

Related:

A Growing AOL Europe Now Sets Example for U.S

French ISP Wanadoo Is Interested in AOL Europe

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