AOL Sees Subscriber Losses Slowing

America Online's subscriber loss is going to slow down, but the company needs a few more months to improve its forecast of how bad the falloff will be.

That's what Don Logan, chairman of AOL Time Warner's (AOL Quote) Media and Communications Group, said Tuesday.

Logan's comments came in a presentation that he and Jeff Bewkes, chairman of the Entertainment and Networks Group, made Tuesday afternoon at a Goldman Sachs investor conference. Continuing AOL Time Warner's portrayal of 2003 as a turnaround year, the two executives spoke positively about AOL's ability to achieve sustainable growth and the earnings potential of the company's television networks.

Shares in AOL Time Warner -- which has announced it will soon drop the "AOL" from its corporate name -- rose 11 cents Tuesday to close at $15.11. ...