Time Warner to split AOL in two

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Time Warner’s Chief Executive has confirmed that AOL will be split into two starting from next year, according to CNET News.com. Jeff Bewkes has said that AOL will spilt its dial-up internet access and its media units in a release announcing the company’s second-quarter earnings.

The online service and media company saw revenues drop 16 percent to $1.1 billion in Q2 this year; however advertising were up to $8 million, a 2 percent increase – even though ad-revenues on AOL-owned sites were down.

The provider also lost 604,000 subscribers in the second quarter as well – leaving it with 8.1 million subscribers. This comes after it raised fees on its dial-up service in June.

It is rumoured that EarthLink is interested in buying its internet-access business from AOL.

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