Geraldine Laybourne: Oxygen Gets Airborne

WHEN GERALDINE LAYBOURNE RESIGNED as cable chief for Walt Disney in May, Disney amiably became a minority investor in Laybourne's multimedia venture, Oxygen Media. Now, Laybourne has landed another key partner for Oxygen, which plans to develop TV programs and other content for women and kids. On Sept. 15, America Online took an undisclosed minority stake. As part of the deal, Oxygen will get three women's sites now offered on AOL's "Women's Channel."

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