Time Warner will be spliting up AOL's decreasing paid Internet-access business from the rest of its AOL operations.

Time Warner chief executive director Jeffrey Bewkes took the time to anounce the move in a conference call, shortly after a quarterly profit-and-loss statement indicated AOL's fourth-quarter revenue had slid thirty-two percent as it's Internet-access branch continued to lose paid subscriber base.

The move will break up AOL's paid subscription Internet access service, which amazingly lost another 740,000 customers just in the last quarter, from they're advertising driven Web sites and content. While operational revenue at the AOL division fell seventy percent from year-ago results and gross revenue slid, revenue from advertising sales at AOL gained ten percent.

AOL nowadays supplies most of its services, including access to AOL e-mail accounts, free of charge to those with Internet connections. Its dial up service lost thirty-eight million paid subscribers last year, and today counts just 9.3 million customers, down from well over 20 million at AOL's pinnacle a few years ago.

It wasn't clear what any break up at the AOL division would mean for its local operations in Northern Virginia, where AOL has got 4,000 employees. Nor was it clean-cut exactly what Time Warner plans to do with the paid internet access division.

News that Microsoft is bidding almost $45 billion to acquire Yahoo makes it improbable that either Microsoft or Yahoo would be interested AOL buyers. Time Warner states the breakup of the AOL divisions will "take many months."

Time Warner (NYSE: TWX) cut 2,000 AOL jobs in October, including 750 in Northern Virginia. It also declared last year that it would relocate the AOL corporate central office from Dulles to New York.

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