AOL Time Warner Review Will Not Recommend Break-Up, Says FT
The break up of on- and offline media giant AOL Time Warner will not be recommended by a three-month strategic review of the company, to be presented to the Board this week, according to a report in this morning’s Financial Times.
The paper says that there have been calls for the merger between America Online and Time Warner to effectively be pulled apart following severe falls in stock price. Furthermore, chief executive Gerald Levin is set to leave this week after his departure was announced late last year. The strategic review was ordered by incoming chief executive, Richard Parsons.
The FT says that the review will not recommend that the company be broken up and quotes Parsons as saying that there is “no current thinking” to this effect. However, some degree of restructure of the leviathan business is thought to be on the cards.
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
