However, the recent results suggest that it has yet to make much headway in that direction. Mr. Martin said that "AOL is currently weighing some additional restructuring plans, but pending those steps, it will be challenging to materially reduce its fixed cost base much further." Time Warner’s performance, like the results posted Monday by a rival, Viacom, is emblematic of a mainstream media industry that is largely contracting as consumers change how they view television and movies. Full Article at Dealbook