Time Warner may be slowly following some of Carl Icahn's suggestions
Published: Saturday, March 17, 2007
After all the public back and forth with corporate thug Carl Icahn, the suits at Time Warner maybe acting on some of his suggestions after all. Their is chatter that the media giant will either spin off a piece of it's AOL unit or merge it with another Internet giant. However Time Warner mouthpiece Ed Adler tried his best to put a cap on the truth, sticking to the Time Warner corporate script for dealing with when the truth gets out:"AOL is not for sale nor do we plan to spin any part of it off," Time Warner spokesman Ed Adler said on Friday. "The company has a great new strategy and it's working well." Ed, did you ever stop and think that maybe the info wasn't filtered down to you yet? Because analyst seem to think different and we hate to say it but sometimes they're right. "We believe that the prospects for an outright sale of AOL this year are high as the Internet company tries to go global," UBS analyst Aryeh Bourkoff wrote in an e-mail to Reuters. "The best way to do this is through a partnership or merger." Time Warner could spin AOL stake this year: UBS [Reuters] Labels: Analysts, AOL, AryehBourkoff, TimeWarner, WeekendWire |



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