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Time Warner, seeking to cut costs and streamline operations, plans to split off AOL’s Internet access business from its Web site and online advertising business and cut 100 jobs at its corporate unit, the company’s new chief executive, Jeffrey L. Bewkes, said Wednesday.

In a further sign that the company is trying to remove some bloat, Mr. Bewkes also said that Time Warner would explore selling its remaining 84 percent stake in Time Warner Cable and was considering tightening costs at New Line Cinema, the smaller of its two studios, known for movies like the Lord of the Rings trilogy and “Hairspray.” Time Warner also owns Warner Brothers.

The company, which also owns CNN and Time Inc., is under pressure to raise its flagging stock price. Its biggest problem continues to be AOL, whose fourth-quarter revenue, reported Wednesday with Time Warner’s results, fell 32 percent compared with the quarter a year ago, to $1.3 billion.