Time Warner Chairman and CEO Dick Parsons told his company’s Fortune magazine that he’d consider a spin-off of AOL, with TW keeping a controlling stake, if the new portal strategy doesn’t pan out. “If (the portal strategy) works, this business looks like our publishing business, it looks like our TV business, it looks like our local cable advertising business. If this doesn’t work, then you start to think about AOL much differently. You start to think about AOL in somewhat the same way I think about the cable company … it would have its own currency to go out and do acquisitions or other deals.”
FT: The centrepiece of that strategy is the launch this summer of a free portal–which we’re covering here religiously, on our dedicated AOL section–which will include a search engine and other functions that had previously been available only to paying subscribers.
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