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(Image from article: "Time Warner to split off AOL")

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TW, Lionsgate advance in MGM bidding

Round two of due diligence has begun in the process to find a buyer for MGM, with a couple Hollywood studios figuring among the half-dozen advancing bidders.

Time Warner to split off AOL

Time Warner unveiled plans Thursday to spin off AOL as an independent company, an end to the massive media media marriage formed in 2001.

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