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AOL, Time Inc. Consider Content Deal

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From Associated Press

Readers looking to get their online fix for popular magazines such as Time or People soon may have only one place to turn -- America Online.

America Online and Time Inc. are in discussions about making Time Inc.’s magazine content available via America Online, rather than the entire Internet, a person familiar with the matter said.

Such a deal would bring the two units of AOL Time Warner Inc. closer together, while offering a potentially significant lift to the struggling Internet division.

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Currently, most of Time Inc.’s magazines can be read for free online.

The proposal, first reported by the Wall Street Journal, may be discussed at a Dec. 3 meeting with analysts, where new America Online Chief Executive Jon Miller plans to discuss the division’s plans for the future.

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