By: MarkJ - 28 May, 2009 (12:53 PM) - Score: 16095 - Fixed Line Broadband
Time Warner has confirmed plans to proceed with the complete legal and structural separation of AOL (aka - America Online). Following the proposed transaction, AOL would be an independent, publicly traded company. Presently AOL UK's Internet access customers are already owned by The Carphone Warehouse ( TalkTalk ), though until now its content has remained under the control of Time Warner.
The move is perhaps long overdue, with AOL having lost a lot of its edge to a far more aggressive market of online content services and social networking. The group, which was once home to one of the most dominant online portals, exists today as merely a shadow of its former self.
Never the less - AOL's separate UK ISP division, which uniquely links its broadband customers directly into content services, has managed to retain many of its users over the years and remains a competitive force.
AOL Chairman and Chief Executive Officer Tim Armstrong said: “This will be a great opportunity for AOL, our employees and our partners. Becoming a standalone public company positions AOL to strengthen its core businesses, deliver new and innovative products and services, and enhance our strategic options.
We play in a very competitive landscape and will be using our new status to retain and attract top talent. Although we have a tremendous amount of work to do, we have a global brand, a committed team of people, and a passion for the future of the Web.”
We play in a very competitive landscape and will be using our new status to retain and attract top talent. Although we have a tremendous amount of work to do, we have a global brand, a committed team of people, and a passion for the future of the Web.”
The move is perhaps long overdue, with AOL having lost a lot of its edge to a far more aggressive market of online content services and social networking. The group, which was once home to one of the most dominant online portals, exists today as merely a shadow of its former self.
Never the less - AOL's separate UK ISP division, which uniquely links its broadband customers directly into content services, has managed to retain many of its users over the years and remains a competitive force.
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