All Posts Tagged Tag: ‘Tim Armstrong’

AOL Completes Billion Dollar Patent Sell-Off to Microsoft

Now that AOL can put the whole Starboard ordeal in the past, one of the bigger business transactions that was caught in the executive crossfire has inally reached its conclusion: the company announced today that it completed its sale of hundreds of patents to Microsoft. The transaction included the sale of over 800 patents and their related patent applications to …

Read More

AOL CEO Armstrong Moving Full Steam Ahead with Patch

On the heels of winning a proxy showdown against a gang of grumbling shareholders yesterday, AOL CEO Tim Armstrong is punctuating his victory over that cabal of activist investors known as Starboard by pushing the very product they insisted was a poor business endeavor: AOL’s local news platform, Patch. Although Patch has yet to return a profit for AOL, the …

Read More

AOL Wins Proxy Battle With Starboard: All Board Members Have Been Re-Elected

AOL released a statement today explaining their proxy battle with activist shareholder, Starboard has come to an end. Today, all of their board members have been re-elected for another term signifying that indeed, none of Starboard’s nominations were welcome additions to the AOL team. Business Insider published a formal statement from the company: “On behalf of AOL’s Board and management …

Read More

AOL’s First Quarter 2012 Earnings Report

AOL’s quarterly earnings are in and things aren’t looking too bad for the company. Advertising revenue is up 5% year-over-year, and diluted earning per share reached an incredible $0.22, which is much higher than experts were predicting (they predicted around $0.08 per share). The bad news is subscription and other revenues fell 15% and 27% respectively. This drop makes for …

Read More

Arianna Huffington Free to Concentrate on the Post

For over a year Arianna Huffington has served at AOL’s many media properties as the catch all editor. She is famous as a shrewd negotiator who isn’t afraid to ruffle a few feathers. Her length of influence extended over TechCrunch, MovieFone, MapQuest, and Patch.com, but with the changes at AOL, so also changes her focus on those entities. According to …

Read More

AOL Sets Up Shop at First Digital Content NewsFronts

Back in February, AOL partnered with Google, Yahoo!, Microsoft, Hulu and Digitas to form “Digital Content NewsFronts,” a forum which allows members to gauge and present advance content offerings to potential investors. The DCNFs kicked off on April 19th, with Hulu presenting their quality content offering to marketers in New York City – and after 13 days, the inaugural event …

Read More

AOL To Cut 50 Jobs

According to the Wall Street Journal, AOL plans to cut up to 50 jobs from it’s AIM unit. AIM is best known for its Instant Messanger service. Among those being cut is vice president of AIM products, Jason Shellen. The layoffs are expected to occur within the next few weeks. AOL’s revenue has fallen over the years as its internet …

Read More

AOL’s Tim Armstrong On: Project Devil, Patches’ Success & TechCrunch “Chaos”

Following up with their company’s financial earnings being released this morning, Tim Armstrong, AOL CEO and Chairman, and Arte Minson, AOL CFO, took some time this morning to conduct a Q&A with the media about the implications of the Q4 2011 report and to speculate on what AOL hopes to accomplish in 2012. Armstrong spoke at length about AOL’s marketing …

Read More

AOL Releases Q4 2011 Earnings

AOL released their financial earnings for the fourth quarter of the 2011 financial year this morning and initial reviews seem to be more positive than negative for the media company. It announced that their shares are up $0.23 and revenue exceeded Wall Street’s expectations at $571.9 million; Wall Street had anticipated the shares would be $0.17 revenue to be slightly …

Read More

Page 2 of 2«12