Time Warner wants to split two AOL businesses

LOS ANGELES (Reuters) - Time Warner Inc is working on splitting AOL's audience and access businesses and running the two as independent entities, Chief Executive Jeffrey Bewkes said on Wednesday.

Bewkes also said the company's 84 percent ownership stake in Time Warner Cable Inc is "less than optimal" for both companies. He said the two companies are talking about operating improvements and changes to the ownership structure.

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