Bewkes Asks Analysts To Imagine Time Warner Without AOL. Pretty Please.

Work in progress. It’s not quite the first day of the rest of their lives—that will come when the split is official—but Time Warner CEO Jeff Bewkes wants analysts and investors to start looking at AOL and Time Warner as two different companies, even breaking out the results as though AOL is already separate. One reason: more than half of Time Warner’s 6 percent revenue decline for Q3 is the result of the continued access subscription declines at AOL (NYSE: TWX). Bewkes called the planned spinoff, still expected by the end of the year despite the lack of regulatory approval so far, “an important milestone for both companies. Full story...