This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Report: AOL Weighs Free Content for Broadband

Time Warner (TWX) reportedly might cut thousands of marketing and customer-service jobs by making a lot more of its America Online content free to the public.

The plan by AOL Chief Executive Jonathan Miller calls for AOL to stop charging fees to people who already have high-speed Internet service or dial-up service from another provider, the Wall Street Journal said, citing people familiar with the matter. People with AOL's dial-up service would continue to pay their monthly fees of as much as $25.90, the paper says, adding that one-third of AOL's 18.6 million customers already have high-speed access. It would knock down what remains of the so-called walled garden that once separated AOL from the rest of the Internet. An AOL spokesperson couldn't immediately be reached for comment.

AOL's plans jibe with its strategy of transforming itself into a portal like Yahoo! (YHOO) or Microsoft's (MSFT) MSN. The company has been taking content that had only been available to subscribers and putting in on its free site.

Last year, Time Warner sold Google (GOOG) a 5% stake in AOL for $1 billion to help it grab a bigger portion of online advertising dollars. AOL also is hoping that its early move into Internet video will help attract visitors.

Despite these moves, AOL remains a weakness for New York-based Time Warner. Investor Carl Icahn called for a spinning off AOL during his recent attempt to boost the company's ailing stock price.

Still, AOL's dial-up customers are continuing to flee for faster Internet access in droves. During the first quarter, AOL and publishing were the only Time Warner units to show a decline in operating income.

Improving AOL now is particularly important for Time Warner's President Jeffrey Bewkes, who is seen as a possible successor to Chief Executive Richard Parsons.

Shares of Time Warner, whose other holdings include Warner Bros. and CNN, rose 4 cents to $17.17

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs