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Bewkes’ Wishlist: Creating Internet Currency With AOL Spinoff

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That is just a thought that they have contemplated, so don’t get excited again: Time Warner COO Jeff Bewkes again raised the specter of an IPO of AOL stock, but he stopped short of suggesting that the online unit be separated entirely from its parent, reports Multichannel, reporting from his speech at Sanford Bernstein Strategic Decisions Conference today.  Bewkes said one of the disadvantages for AOL is that unlike its online competition is that it doesn’t have a pure-play Internet public currency…“We could create such a currency…We’ve certainly contemplated doing that…I don’t think [a full separation] would be in our interests or the shareholders’ interests at this point.” Read as much or as little into that as you want.

May 31, 2007 11:37 PM ET
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Posted In: Companies, AOL, Time Warner

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