Time Warner's(TWX Quote) AOL is in talks with former CBS News anchor Dan Rather about developing original video programming, according to a person familiar with the situation.
It was unclear how long the discussions, which were reported earlier by the Hollywood Reporter, have been going on or whether a potential resolution is near. An AOL spokesman declined to comment and a representative for Rather couldn't be reached.
A big name like Rather could help the Time Warner business at a time when it's trying to lure more users and advertisers from other sites including Yahoo! (YHOO Quote) and Microsoft's(MSFT Quote) MSN. AOL also is considering placing the remaining content that's now only available to its subscribers on its free AOL.com portal. Those changes could mean the layoffs of thousands of employees, according to news reports. ...
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