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American Online Reports Ad Revenue Slide

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NEW YORK AOL Time Warner on Wednesday reported that revenue for its American Online Internet unit totaled $2.2 billion for the first quarter, down 4 percent from the year-ago quarter.

Meanwhile, ebitda (earnings before interest, taxes, depreciation and amortization) for the Dulles, Va.-based online division climbed 18 percent to $404 million and operating income grew 11 percent to $194 million in the quarter.

The company attributed the rise in America Online’s ebitda to the decline in restructuring charges. America Online recorded restructuring charges of $4 million in Q1, versus $75 million during the same period a year ago. Excluding onetime charges, ebitda fell 2 percent.

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American Online Reports Ad Revenue Slide
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About Adweek
ADWEEK has the inside stories on: creativity, client/agency relationships, successful global advertising strategies. Plus news of accounts in review, the best creative work, new campaigns. There's wise, witty commentary in every issue of our six regional editions. Only ADWEEK delivers national, global and important local news of your own advertising scene. http://www.adweek.com WebProNews Writer
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