ausekilis writes "Many outlets are reporting that Time Warner has confirmed plans to spin off AOL. All that's left to deal with are a few financial hurdles, such as buying out Google's 5% stake in AOL. The interesting part of the story is that both AOL's CEO and Time Warner's CEO said effectively the same thing, that AOL will be better off as an independent unit, as opposed to 'a cog in the Time Warner wheel.' Interesting to note that when they originally merged, the idea was for AOL to be a one-stop shop for all your internet goods. Makes you wonder what would have happened if Time Warner had invested in AOL as an exclusive media outlet for movies, TV, music, etc. Perhaps AOL would have regained some speed and become the prominent household name it once was, instead of being that company who sent us all the free coasters."