AOL Could Join Cable IPO: Report

Time Warner (TWX Quote) may pair up its cable operation with its America Online unit in an initial public offering next year, according to a report in the New York Post.

The report comes at a time when AOL is pushing free content on the Web, marking a big shift in strategy at the shrinking online property. The report cites sources as saying Time Warner will wait to see how the re-launched online service fares before making a firm decision.

Time Warner chief Dick Parsons has been firm in saying that AOL, which has lost millions of subscribers in recent years, is not for sale. The unit, which still spins off significant cash for the media giant, however, could front an IPO. ...