AOL plans to cut 2,500 jobs, a third of their work force as it prepares to spin off from Tine Warner next month.
AOL's legacy dial-up Internet access business has been fading for many years. It's business is profitable, but profits are declining.
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by Rich Pike
Time Warner said its net income fell to $662 million, or 56 cents per share, down 38% from a year earlier. Results included a charge of 5 cents per share. Revenue fell 6 percent to $7.1 billion
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by Larry Etter
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