Internet brand

Lala.com is an Internet brand that has reinvented itself as the digital-music scene evolved, but has never enjoyed much traction in the Web marketplace. It hopes to change that.

On Tuesday, the CD-trading site turned free Web-based music browser relaunched as a mixed breed of sorts, trumpeting the digital download functionality of Apple's iTunes Store and the free music-streaming benefits of MySpace Music -- without ads.

Time Warner has decided to sell its cable operation even as it struggles to correct its ailing America Online unit, CEO Jeff Bewkes announced in the company's quarterly earnings call Wednesday. On the positive side, income from the company's cable networks and film operations offset a whopping 23 percent decline at AOL.

"We've decided that a complete structural separation of Time Warner Cable, under the right circumstances, is in the best interests of both companies' shareholders," Bewkes said. "We feel these companies would be better off separated than they are together."