Items tagged with AOL

AOL is planning to sell over 800 patents and their related applications to Microsoft in a deal that is valued at $1.056 billion in cash. AOL has said a "significant" portion of the money from the deal will go to shareholders. The sale is expected to be completed by the end of this year. AOL will keep a patent portfolio of over 300 patents and patent applications in areas such as advertising, search, content generation/management, social networking, mapping, multimedia/streaming and security. In addition, AOL received a perpetual license to the patents being sold to Microsoft. The deal won't come... Read more...
It's been ~10 months since we first covered AOL's desperate plan to reinvent itself and reclaim a strong position in the online industry, but the company's efforts aren't yielding the results it promised. The company announced a major reorganization earlier this month, while recently leaked documents indicate just how bad the situation has become. Much of the company's financial woes are attributable to Patch. Patch is AOL's attempt to create web communities and advertising focused on specific real-world towns and communities. In theory, users in such areas are hungry for online sources that cover... Read more...
Web pioneer and current Web also-ran AOL, Inc., is planning a company-wide restructuring effort beginning in January, according to comments made to Bloomberg by AOL CEO Tim Armstrong (pictured below). The company will combine its dial-up service (people still have that?) with its other Web services to create a single business unit, which includes AOL Instant Messenger, email, photos, and more. The idea is to get more individual users using more of the company’s services and stay on AOL sites longer, which sounds like a page out of the Google playbook. It also happens to make a lot of common... Read more...
Remember that awful sound that would emanate from your dial-up modem every time you hopped onto the Internet? Most of us have since graduated to broadband bliss, at least those of us fortunate to live anywhere but the boonies. As it turns out, dial-up is still mildly popular, and whether that's by necessity or choice, AOL is still the go-to company for such service. To wit, AOL has nearly 3.5 million subscribers who use the company's dial-up service, just like you did back in the 1990s. That's according to AOL's third quarter financial report, and represents a 15 percent drop from the same quarter... Read more...
One of the near-cardinal rules of Wall Street is that companies who dismiss their CEOs typically fall all over themselves to reassure investors that they're hunting for new candidates and/or have tapped great interim leaders to fill the gap. Yahoo has opted to take a different approach and is reportedly focused on whether or not the company should be sold, rather than soliciting resumes. The move is an understandable one given Yahoo's long-term difficulties, but it could undermine the confidence of investors who feel the company's best course is to remain together. It's been a little over two years... Read more...
It's been a few months since we covered AOL's controversial new business strategy and surprising purchase of The Huffington Post. The company released its first quarter results earlier this week—is there any good news underneath the bad? A little, as it turns out. Global display advertising revenue (this refers to large, flashy ads) grew four percent quarter-on-quarter, marking the first increase in display revenue since Q4 2007. Company chairman Tim Armstrong stated: ""Today represents an important milestone in the turnaround of AOL as global display revenue grew for the first time since... Read more...
After years of attempting to variously reinvent, reorganize, and recapture the market space it's been losing to Facebook, MySpace is out the door. This isn't a surprise—News Corp declared it was ready to sell the segment last February. Now the social networking site is actually on the chopping block. News Corp is quite profitable, but the changes facing certain markets, particularly print, has likely contributed to the MySpace spinoff. Several venture capital firms are expected to bid on the company, including Redscout Ventures, Thomas H. Lee Partners, and Criterion Capital Partners LLC.... Read more...
As AOL looks to the future following its $315 million acquisition of the Huffington Post, a good chunk of the old regime will be left behind. AOL is in the process of handing out around 900 pink slips, which represents 20 percent of the company's workforce. All affected employees have already been notified, who according to All Things Digital, will be receiving four weeks of severance pay plus an additional week for each of service. So what comes next for AOL? In a memo titled "AOL's Next Step," company CEO Tim Armstrong called this a "critical step on the comeback trail for AOL," adding that they're... Read more...
Last week we reported on AOL's business plan for 2011 and how it appears to eschew content quality in favor of content quality. Today, the company announced that it's reached an acquisition agreement with The Huffington Post. For the price of $315 million, Arianna Huffington and her website's staff, professional journalists, and various contributing bloggers have become a part of AOL's not-insignificant online media empire. Huffington has published a blog entry of her own detailing how and why she and AOL CEO Tim Armstrong came to this arrangement. "while Tim was talking about his plans for turning... Read more...
It hasn't been a good month decade for AOL. A little over a week ago, The New Yorker published a profile of the company's CEO Tim Armstrong in which the author, Ken Auletta, dismissed most of the website's published content as 'piffle.'  Worse, Armstrong admitted that the vast majority of the company's subscribers—some three million out of an estimated 4.1 million total—are needlessly paying an extra $25 for the AOL service. As if that wasn't bad enough, someone inside AOL has since leaked a copy of the company's business plan for Q1 2011; it's not the sort of document that's going... Read more...
This news clip from the Today show's archives is an interesting look at how awkward and uncertain the first discussions of the Internet on television actually were. On January 24, 1994, Katie Couric and Bryan Gumbel did a short segment on the massive "computer billboard" that's getting bigger and bigger all the time. The mind-blowing thing is that we thought computers in 1994 were all fast and capable and stuff. If you could watch videos in Compton's Encyclopedia or the 7th Guest you were rocking. Other fun tidbits include no on being sure how to say "@" (though Gumbel gets it right), not wanting... Read more...
On the eve of Facebook's rumored announcement of a Facebook Webmail product, AOL announced an attempt to rise its email product from the ashes of AOL'e email, which is seeing its user base rapidly decline: Project Phoenix. Project Phoenix can be accessed at phoenix.aol.com. It is invite only, at least for now. It's hard to see how a Webmail refresh can stem the tide of those leaving AOL's email service. Business Insider's chart on the decline and fall of AOL's email shows the service has fallen below MySpace Mail, way down the list. Additionally, and worse news for AOL, AOL Mail provides 45 percent... Read more...
As we move more and more toward "all things Google," it might surprise people to learn that Google's Gmail was, until recently, mired in 4th place among email vendors. That's where it was until new comScore estimates for July 2009. Yes, despite the way Gmail and Google Docs, and Google Reader, and the rest all work together, it's only now that Gmail edged past AOL Mail, with 37 million unique visitors compared to only 36.4 million for AOL. Who's number two? That's Windows Live Hotmail, with 47 million unique visitors. Number one and still far, far ahead is Yahoo! Mail with 106 million monthly unique... Read more...
Another big name is about to enter the webmail market and would be the third-largest provider the day it launches, TechCrunch reported today, citing unnamed sources.All the reason it would be so big upon launch is because all MySpace users would be assigned an e-mail address of [username]@myspace.com. The social networking site has about 125 million active users (those who check in at least once a month), which would place it above Gmail and below Yahoo and Hotmail/Windows Live (a ComScore report from about a year ago showed Yahoo the big heavy with nearly 257 million users, Microsoft just short... Read more...
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