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. Last Updated: 07/27/2016

AOL Reorganizes

NEW YORK () -- America Online Inc., responding to competition posed by the Internet, said Tuesday it would reorganize its business and unveiled a flat-rate, $19.95-a-month pricing plan. The world's biggest online services company said it was taking $460 million in charges this year as it restructures its operations. As part of its reorganization, AOL plans to separate into three operating units.