BBC NEWS | Business | Time Warner keeps faith with AOL

BBC NEWS | Business | Time Warner keeps faith with AOL: "Time Warner has said it remains committed to America Online following reports that it could spin off the internet firm or sell a stake in it.
Richard Parsons, Time Warner chairman, said he was determined to increase AOL's value which, in turn, would boost the US media giant's share price.
Time Warner is facing investor pressure - led by Carl Icahn - to overhaul its cable TV and internet assets.
Recent reports have claimed it may sell a stake in AOL to Microsoft. "