Time Warner’s board approves plans to spin off AOL – washingtonpost.com

In a statement, Time Warner Chief Executive Jeff Bewkes said, “We believe AOL will then have a better opportunity to achieve its full potential as a leading independent Internet company.”

Maybe: if they manage to do something about software that’s intrusive, clunky, tempramental, and about 10 years behind current technology. My guess? It’s bleeding money, and they want to separate it from the parent company so it can sink on its own.