March 13, 2009 |
AOL is getting new leadership again, just two years after the outgoing executives were chosen to turn around the struggling dial-up and content company. Google Senior Vice President Tim Armstrong will take over as chairman and chief executive, replacing Randy Falco, said Time Warner, AOL's parent company. Ron Grant, AOL's president and chief operating officer, will leave with Falco after a transitional period of a few weeks. "Tim is the right executive to move AOL into the next phase of its evolution," Time Warner chief executive Jeffrey...
January 17, 2010 |
A year ago Aol trumpeted the launch of MediaGlow , a new business unit led by exec Bill Wilson . Sometime recently, though, the MediaGlow website, at MediaGlow.com , vanished. It now redirects here . The unit included all of Aol's content sites, including the aol.com home page and dozens of sub brands like Engadget and TMZ. All those sites are still there, of course, but Aol seems to be killing off the MediaGlow brand itself. Last June the company issued a press release boasting...
May 5, 2008 |
With Microsoft walking away from the Yahoo deal, there's been a lot of talk about what it's next best option would be. Going after AOL is an obvious choice. It has the ad inventory (aka pageviews) Microsoft needs, has its own collection of growing online advertising businesses, and has a very willing seller in parent Time Warner. The Times of London is reporting that Microsoft and AOL are in "preliminary talks" about an acquisition. And AOL isn't exactly hitting on all cylinders right now, so it could be...
December 15, 2009 |
Just last week, Aol celebrated its re-emergence as an independently-traded company . But its one main advantage is that it still commands a large audience, and in fact was the fourth largest Website in the U.S.?until last month. ComScore data for November, 2009 shows that Facebook surpassed Aol with 102.9 million unique visitors in the U.S., versus 99.7 million for Aol. Although Aol's unique visitors grew by nearly a million since October 2009, Facebook grew by more than 5 million.
September 29, 2011 |
Former AOL chief financial officer John Michael Kelly has agreed to pay $260,000 to settle an SEC complaint alleging that he oversaw a scheme to artificially inflate the company's revenue, the agency said Thursday. Under the court-approved settlement, Kelly neither admitted nor denied wrongdoing. The case is related to AOL's disastrous merger a decade ago with Time Warner. While the merger was pending, AOL faced a crisis as the market for online advertising began shrinking, and the company used accounting...
February 4, 2008 |
Microsoft 's $44.6 billion bid for Yahoo on Friday revived debate about AOL's plan to remake itself as an online advertising company and whether it might too become a target for acquisition. AOL has been on a tear assembling an advertising network called Platform A that is meant to be the basis for the company's future growth. At the same time, discussions have surfaced occasionally at AOL's corporate parent, Time Warner, over whether the subsidiary should be spun out in part or whole.