Free AOL? Just kidding, says Time Warner
As the blogosphere continued to pick apart AOL's plan to offer free e-mail this week, Time Warner investors have been getting increasingly nervous. So Time Warner put out a press release telling investors, in essence, to pay no attention to the rumors and wait until August 2 for an update on AOL's business strategy. It's as if the company was asking the market for a time-out, writes market commentator Frank Barnako on his blog.
And no wonder, given the sudden drop in Time Warner shares yesterday to a 52-week low of $16.56. But Time Warner's approach--casting aspersions on the press reports without specifics--hardly seems like an effective investor-relations strategy. Uncertainty, writes Bloggingstocks, is what's driving the media company's shares downward. And if all Time Warner is telling investors is that everything they've read is wrong, that adds more uncertainty, not less. (Time Warner, we should note, signs The Browser's paycheck, and funds our 401(k) plan with company shares.) 
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