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Time Warner To Split AOL

Time Warner’s new CEO Jeff Bewkes laid out his vision for changes at the media conglomerate Wednesday, including dividing AOL’s online access and advertising businesses and possibly spinning off the rest of the company’s cable division. Investors have looked to Bewkes, who took over in January, to dramatically restructure the company in hopes of reviving shares that have slumped 29 percent over the past 12 months.

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