AOL announces that it will announce web deals today

-LENN HINDSMANN AOL Chief Randy Falco and company are said to be thisclose to announcing five web deals that will hopefully put a smile on the suits at Time Warner. Falco took over to lead the company's efforts in moving to a strictly ad driven operation, away from its outdated subscription Internet access business, and so far according to Falco, it seems to be working. "This is really AOL's coming out party as an advertising-supported broadband online service," AOL Chief Executive Randy Falco said in an interview on Monday. "More people are coming to the free AOL service, more than offsetting the losses on the dial-up service," said Falco. "It's a growth engine." Many are still wondering if Falco is the fix it man brought in to oversee AOL's transition from paid to free before Time Warner sells it off for a sweet sum? AOL to announce five Web broadband deals [Reuters]