AOL Names Arthur Minson as Chief Financial Officer

Time Warner Cable Deputy CFO Rejoins AOL; Brings Critical Expertise from Time
Warner Cable's Successful Transition to Independent Public Company
NEW YORK--(Business Wire)--
AOL today named Arthur Minson as the company's new Executive Vice President and
Chief Financial Officer. Minson joins AOL from Time Warner Cable (NYSE: TWC),
where he has served as Executive Vice President and Deputy CFO and helped manage
that company's separation from Time Warner. Prior to his role at Time Warner
Cable, Minson led AOL's Corporate Finance and Development activities.

"We're delighted to have Artie back at AOL as we continue our transition to an
independent public company," said AOL CEO Tim Armstrong. "Artie's strong
financial acumen, operating experience, and deep understanding of our company
and the Internet and content industries make him a perfect fit for AOL. He's
also a public company veteran who helped handle Time Warner Cable`s transition
to a public company. Artie will hit the ground running and be a tremendous asset
to AOL as we focus on driving growth, value and innovation."

"This is a wonderful opportunity to rejoin AOL at one of the most important and
exciting times in this great company's history," said Minson. "AOL has an
incredible collection of assets, and Tim has set the company on the right
strategic course. I look forward to working with Tim and the entire AOL
organization to help maximize the financial and operating performance of these
assets and their value for investors."

In his new role, Minson will oversee the company's financial functions including
accounting, financial planning and analysis, tax, treasury, human resources,
mergers and acquisitions, and internal audit. Minson will be headquartered in
New York City and will begin at AOL on September 8, 2009.

Minson previously served as Executive Vice President and Deputy Chief Financial
Officer at Time Warner Cable, overseeing the company's accounting, financial
planning and analysis, operations finance, corporate services, and internal
audit functions. He also worked closely with TWC's treasury and IR departments,
as well as senior management, to craft company strategy in those areas.

Minson joined Time Warner Cable in 2006 in connection with its planned IPO.
Prior to that, Minson was Senior Vice President, Corporate Finance and
Development at AOL, where he was responsible for financial planning and
analysis, mergers and acquisitions and corporate financial administration. He's
also held senior finance positions at Rainbow Media Holdings, Inc. and Time
Warner Inc. Minson, a CPA, began his career in the Audit Practice of Ernst and
Young as one of Time Warner's principal outside auditors. He holds a BSBA in
Accounting from Georgetown University and an MBA with a concentration in Finance
from Columbia Business School.

On May 28, 2009, Time Warner Inc. announced that its Board of Directors had
authorized management to proceed with plans for the complete legal and
structural separation of AOL from Time Warner. Following the proposed
transaction, AOL would be an independent, publicly traded company. Time Warner
has indicated that it aims to complete the proposed transaction around the end
of this year.

Minson is replacing Nisha Kumar, who left the company earlier this summer.

About AOL

AOL is a leading global Web services company with an extensive suite of brands
and offerings and a substantial worldwide audience. AOL's business spans online
content, products and services that the company offers to consumers, publishers
and advertisers. AOL is focused on attracting and engaging consumers and
providing valuable online advertising services on both AOL's owned and operated
properties and third-party websites. In addition, AOL operates one of the
largest Internet subscription access services in the United States, which serves
as a valuable distribution channel for AOL's consumer offerings. AOL LLC is a
wholly-owned subsidiary of Time Warner Inc. with employees in 18 countries
across the globe.

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AOL
Dori Salcido
703.265.0622
Dori.Salcido@corp.aol.com
or
Tricia Primrose
703.265.2896
Tricia.Primrose@corp.aol.com

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