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Technology Stocks : America On-Line: will it survive ...?

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To: Steve Robinett who wrote (7108)2/7/1998 7:55:00 PM
From: jack rand  Read Replies (1) of 13594
 
The NYT report is that AOL wanted to sell Studios but was thwarted
by an SEC ruling.

nytimes.com

Re-org is as much a power grab by Pittman as it is a means to cut costs. (He also last week installed his own guy -- a long-time associate at MTV, Century 21, and Time Warner -- as Prez of CSi).

Case's original idea for Studios was to have an independent arm
develop content for the Web, competing as it were, vs. the main AOL
service. In fact Studios has separate ad sales force. Pittman
obviously didn't like that notion. And, of course because AOL
has been moving ever more heavily to web-centric focus, the idea
makes less sense today than it once might have.

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