Time Warner expects almost $1B hit from free AOL

07/11/2006 | Wall Street Journal (free content), The

While Time Warner executives hope that AOL's shift from a subscription Internet service provider to a Web-based advertising-supported content company will lead to increased profitability down the road, in the short term it may cost the company almost $1 billion in operating profit through 2009.

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Wall Street Journal (free content), The

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