AOL Shifts Strategies in Europe

Selling its Old World ISP outlets gives the company leewayand cashto follow its U.S. plan and convert to an international, ad-based portal

For months, rumors have circulated that AOL was looking to sell its units in Britain, France, and Germany. For the onetime giant of paid Internet access, it seemed a sorry retreat, as users shifted away from dial-up service and AOL's proprietary content in favor of the wide-open broadband Internet. Then again, it came as little surprise, since the troubled online unit of New York-based Time Warner (TWX) faced similar pressures in the U.S.

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