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AOL Spins Off on Its Own Dec. 10

Nov 17, 2009  •  Post A Comment

Time Warner and AOL will officially separate Dec. 10, when AOL will begin trading under its own stock symbol, according to Forbes.com.

Forbes quotes All Things Digital’s Peter Kafka, who says that AOL’s once-lucrative subscription business is "’withering away," that its advertising revenue has been dropping almost two years and the money from a Google search deal is also waning.

Forbes speculates that the hire of Tim Armstrong as AOL CEO could be the decisive factor in the future of the service.

— Allison J. Waldman

6 Comments

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