TWX… its about time…
TWX has started to unload its AOL Euro Acess biz, while maintaining the AOL.com domain for its free services. (article)
“Under a new partnership, AOL will provide co-branded audience services and content on a joint web portal for all of Telecom Italia’s residential Internet access subscribers in Germany and will handle all online advertising sales.”
So TWX will maintain the high margin ad biz, while dumping the dying biz for about $830M. Not bad.
I must say, it is about TWX started focusing more seriously about AOL on the global scale as a true portal, and not an access biz.