Washington, Sept 17: Media conglomerate AOL Time Warner Inc. plans to drop ‘AOL’ from its corporate name, which was adopted after the merger of America Online and Time Warner in 2001, The Washington Post reported on Wednesday. Citing people close to the board, the report said the corporation's board of directors was scheduled to approve the name change at a meeting in New York on Thursday.

The decision to drop ‘AOL’ from the corporate name is not a precursor to a sale or spinoff of the America Online division, the newspaper said, citing sources.
AOL Time Warner CEO Richard Parsons strongly supports the change and intends to move quickly to implement it, the newspaper added.

An AOL spokesperson could not be immediately reached for comment early on Wednesday.
The company also plans to change its logo and revert to the ‘TWX’ stock-ticker symbol that Time Warner used before its merger with AOL, The Washington Post said. Bureau Report