Time Warner profit down, expects to spin off AOL

US media and entertainment giant Time Warner Inc. reported a 14-percent drop in quarterly net profit on Wednesday and said it expects to spin off troubled Internet unit AOL.

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<p><a href="http://www.physorg.com/news160232153.html">Time Warner profit down, expects to spin off AOL</a></p> <p>US media and entertainment giant Time Warner Inc. reported a 14-percent drop in quarterly net profit on Wednesday and said it expects to spin off troubled Internet unit AOL.</p>