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Time Warner Inc.'s AOL unit has acquired local online media companies Patch Media Corp. and Going Inc. in a bid to increase its revenue in local advertising.

AOL has struck deals to acquire two small start-up companies focused on local online media, Patch Media Corp and Going Inc, ahead of its separation from Time Warner Inc.

Time Warner Inc Chief Executive Jeffrey Bewkes said on Friday that his company is still leaning toward spinning off AOL to shareholders as the preferred method for divesting the struggling Internet unit.

The two largest U.S. cable operators expect slower customer growth in the current quarter across all their products when compared with the first quarter.

Time Warner Cable Inc, the second largest U.S. cable operator, said on Friday it is seeing slowing customer growth in the current quarter across all its products when compared with the first quarter.

Time Warner Inc on Thursday made official plans to separate its AOL division sometime around the end of this year, a widely expected move that sheds one of the media company's weakest divisions.

Citigroup Inc investors withheld more than 20 percent of their votes for the reelection of four directors, after critics said the board's lack of oversight contributed to a series of government bailouts and $37.5 billion of losses over 15 months.

News Corp posted a 47 percent drop in operating income on Wednesday as advertising revenue declined, but Chairman Rupert Murdoch said the worst effects of the recession are behind the media company.

Rupert Murdoch's News Corp posted a 47 percent drop in operating income on Wednesday because of falling advertising revenue at its television stations, newspapers and other businesses.

Time Warner Inc's AOL Internet unit said on Thursday it has appointed former Google Inc executive Jeff Levick as president of global advertising and strategy, overseeing its Platform-A advertising sales business.

Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable network revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.

Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable networks revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.

Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable networks revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.

Time Warner Inc posted a flat quarterly profit but its revenue decline was smaller than expected, as a rise in cable networks revenue offset declines in advertising sales at AOL and Time Inc.

Media conglomerate Time Warner Inc , posted a flat first quarter profit on Wednesday, weighed down by a drop in advertising sales at its AOL Internet and Time Inc publishing units.

Rupert Murdoch's News Corp, hired two technology startup veterans to fill top roles at MySpace after a management shakeup last week aimed at revitalizing the online social network.

The U.S. Treasury said on Monday there was no basis for a report that said its stress tests on the health of the nation's 19 top banks showed several were technically insolvent.

Time Warner Cable Inc said on Thursday it would shelve plans to test a system that bills customers for the amount of broadband bandwidth they use instead of at a flat fee to access the Internet from home after an uproar from consumer groups and politicians.

Time Warner Cable Inc. is shelving its plan to bill customers based on how much Internet traffic they generate, until it can improve its customer education process, after receiving a poor response from consumers.

Time Warner Inc's AOL has asked a federal court to rule that it is not infringing patents held by Yahoo Inc.

With three rounds of layoffs announced since the year began, Google is showing rare signs of vulnerability.

Time Warner Cable unveiled a new pricing structure for broadband Internet access that addresses customer's criticism over the service provider's plans to cap bandwidth usage.

Time Warner Inc said on Monday it is asking some bondholders to change credit terms, a move expected to pave the way for a spin-off of its beleaguered Internet unit AOL.

Rupert Murdoch's News Corp plans to hire former AOL Chief Executive Jonathan Miller to supervise the media conglomerate's digital strategy, two News Corp media outlets reported and a source with knowledge of the situation confirmed.

Google Inc is cutting its sales and marketing team by roughly 200 employees, saying it had over-invested in certain parts of the company.

Warner Bros on Monday became the first studio to open its film vault to made-to-order DVDs, as it sought new revenues in a slumping DVD market by making it possible for fans to buy decades-old films.

Former Time Warner Inc chairman and chief Executive Richard Parsons will step down from the board by its next annual general meeting, according to a regulatory filing on Monday.

Time Warner Inc on Thursday named Google executive Tim Armstrong to lead AOL, in what was seen as a bold move to reverse the fortunes of the struggling Internet unit in preparation for a spinoff.

Time Warner Inc's AOL said on Thursday it has appointed former Google executive Tim Armstrong as chairman and chief executive to determine the best structure for the Internet unit which its parent is considering spinning off.