Time Warner seems to have finally taken AOL off the table in terms of selling off a piece or all of the Internet company, says a report in
Daily Variety. Instead, Time Warner's Chairman Dick
Parsons is focusing on boosting traffic through possible partnerships between AOL and Google and/or Yahoo! Concerning its future traditional TV and film businesses, Parsons says they are "probably the
most challenged in terms of revenue growth." Warner Bros.' big revenues will be tough to beat, especially against strong theatrical revenue from "Harry Potter", and because of a softening DVD market.
--Wayne Friedman