updated 2/21/2008 1:57:04 PM ET 2008-02-21T18:57:04

Time Warner Inc.'s AOL said Thursday that it launched a Web site for users in Mexico that combines its free e-mail and instant messaging features with local content in Spanish.

AOL partnered with fixed-line company Alestra for distribution and Mexican magazine company Grupo Editorial Expansion for content. Grupo Editorial Expansion is owned by Time Warner's magazine publishing unit, Time Inc.

AOL said it will also use its global distribution partnership with Hewlett-Packard Co. to offer a cobranded local language portal and search functions to the Mexican market.

The site is located at AOL.com.mx.

Time Warner shares fell 2 cents to $16.47 in morning trading.

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