Items tagged with Tim Armstrong
Verizon, the "Can you hear me now?" company (to quote an older marketing slogan), has major aspirations of makings its go90 streaming video service a big time money maker. To help accelerate those plans, Verizon is looking into making a purchase offer for Yahoo, provided the price is right and everything checks out.There's no offer in place at the moment, though Verizon is pretty serious about its interest in Yahoo. So serious, in fact, that it's tasked Tim Armstrong, CEO of its AOL subsidiary, in leading the charge on this one. Armstrong is one of Verizon's prized employees who's helped close big deals in the past, and it just so happens that he's known Yahoo boss Marissa Mayer for several years...
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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 sense. In addition to this new combined unit, AOL’s restructuring will include three other...
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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 to reassure investors. The image above lays out the company's goals through the end of the first...
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