BTW News Briefs
AOL Time Warner Drops Plan to Sell Book Division
Media and publishing giant AOL Time Warner (AOLTW) has decided to drop the sale of its book publishing division after the company failed to find an attractive bid, as reported by Reuters. "Frankly, we didn't receive an offer that reflected the true value of the asset," AOLTW spokeswoman Tricia Primrose told Reuters. The news was announced to company employees on Thursday, June 5.