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Report: Time Warner May Drop AOL

The New York Post said the company’s investment bankers at Goldman Sachs are putting together a proposal for the online unit to be considered at its April meeting. It said AOL chief Jonathan Miller is to present an update on AOL’s business at that meeting.

A sale or spin off would essentially undo the 2001 purchase by America Online of media conglomerate Time Warner, whose units include cable television operations, movie studios, television and cable networks as well as magazines.

Read the full story at CNN.