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Archive Home > 2009 > May > 29 > Time Warner to shed its ill-fated AOL unit

Time Warner to shed its ill-fated AOL unit


May 29, 2009

NEW YORK — When AOL flashed $147 billion in stock puffed up by the dot-com boom, Time Warner, one of the world’s biggest media companies, fell into its arms in 2001. They swooned over their combination of Internet access and traditional media.

But before long, reality....

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