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AOL Drags Time Warner Income Down 53%

Merger continues to be cautionary tale

By Kevin Spak, Newser Staff

Posted Nov 7, 2007 11:47 AM CST

(Newser) – Time Warner’s net income tumbled to $1.09 billion this quarter, compared to $2.32 billion a year earlier, thanks to a deeply underperforming AOL division, the Wall Street Journal reports. AOL last year dropped Internet-access fees, and with them 38% of its revenue,... Read full story »

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AOL Drags Time Warner Income Down 53%

Merger continues to be cautionary tale

Time Warner • AOL • Richard Parsons • Jeff Bewkes • Internet advertising

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