To Richard Greenfield, an analyst at Pali Research, the move was an unmistakable sign that a spinoff of AOL was becoming more likely. Mr. Greenfield, who has not been shy about criticizing AOL’s previous leadership, said in a research note Thursday evening that he considered the new head of the online unit, Tim Armstrong, to be a game-changer.New AOL Chief Fuels Talk of Spinoff - DealBook Blog - NYTimes.com
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