Jeffrey L. Bewkes, chief executive of Time Warner, seems to be shopping for a deal for AOL. At an investment conference Tuesday, he said he was open to hooking up with another company -- "whatever configuration makes it the strongest and the most valuable," reports The New York Times.
More executive swap-outs have been in the works as it tries to shore up its sinking fortunes. And Bewkes indicated the company might spin off its dial-up Internet subscription service.
Seattle Post-Intelligencer blogger Todd Bishop runs the text of Bewkes' answer when asked whether it would make sense to hook up with "one of the two bigger guys."
It would seem, he says, that Time Warner is still talking to Yahoo. News Corp. Chairman Rupert Murdoch was quoted Tuesday making clear his company won't get into a fistfight with Microsoft over Yahoo.