Friday, June 03, 2005
The New York Times > Technology > A Portal to AOL's Future?
The New York Times > Technology > A Portal to AOL's Future?: "When Mr. Parsons says AOL is for keeps, he may well be saying that he has no other choice. For now, there is probably no prospective buyer willing to pay Time Warner more for AOL than it is worth to keep. AOL still sends its parent nearly $1 billion in cash each year and, largely through cost-cutting, has remained highly profitable. Moreover, any sale would most likely bring large capital-gains taxes."