Coming close behind the announcement of a two-year low in share prices,
Time Warner is expected to launch yet
another plan to save the ailing service provider,
America On-Line. The new plan, the fourth in five years, is to give
away the email and web services components of AOL for free.
This plan hopes to recapture some of the market share taken by rival free
mail and web services such as Google and
MySpace. While AOL will be giving
away a large portion of its service for free, it will retain the subscription
based dial-up service, which accounts for 80% of their revenue.
The target date for these free services is August 2nd.