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Time Warner Inc. Message Board

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  • stockman222222 stockman222222 Feb 6, 1998 3:54 PM Flag

    Down 1,up 1/8(for short covers),down1 1/

    America Online Not Commenting On Realignment Reports 02/06/98

    Newsbytes, Friday, February 06, 1998 at 15:21

    DULLES, VIRGINIA, U.S.A., 1998 FEB 6 (NB) -- By Bob Woods,
    Newsbytes. The Wall Street Journal and the New York Times reported
    Friday morning that America Online [NYSE:AOL] will restructure itself to
    fold its new media group back into its core business.

    An AOL spokesperson told Newsbytes that AOL's corporate policy is not
    to comment on rumors or speculation.

    The Journal also said bringing AOL Studios back into AOL Networks
    would likely result in layoffs, because of staff redundancies.

    The Times added that the organizational changes will be announced
    next week.

    I cant wait until next week. the down fall begins

 
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