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AOL shares dip after company splits from Time Warner

5 years ago December 10, 2009 Dec 10, 2009 Thursday, December 10 2009 Thursday, December 10, 2009 8:53:51 AM CST in News
Source: Associated Press
By: John Pastorek

Shares of AOL dipped in early trading Thursday as the Internet company split from media giant Time Warner.

AOL shares were issued at almost $24, but fell 67 cents in morning trading.

Shares of Time Warner climbed more than one dollar to $30.34.

AOL wants to boost the advertising money it makes with its Web sites, but the company hasn't convinced investors that its turnaround strategy will pay off.

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