CNET News.com's Jim Kerstetter contributed to this blog.
In a memo apparently intended to ease the nerves of AOL employees, Chief Executive Randy Falco broadly outlined the Time Warner business unit's position in the marketplace without directly addressing the elephant in the room: Yahoo.
In recent days, reports have resurfaced that Yahoo is either in partnership or merger talks with the struggling Time Warner unit. But in his memo sent out to employees, Falco never actually addresses Yahoo, Microsoft, or the machinations reported in recent days.
Instead, he talks about AOL's current standing in advertising, publishing, … Read more