Direct to Consumer, or DTC, is a fundamental platform shift, according to former AOL and Verizon digital properties CEO Tim Armstrong. “There have been a couple times in my career where there has been what is basically a fundamental platform shift,” noted Armstrong. “I felt like direct-to-consumer was something that was going to be a platform shift.”
AOL Earnings Released, Revenue Up 12%
AOL just released its Q3 earnings report with total revenue growth of 12% year-over-year thanks to strong global advertising growth. This was the company’s seventh consecutive quarter of revenue growth. It grew its domestic multi-platform unique visitors by 14% from…
AOL Sees 6th Consecutive Quarter Of Revenue Growth
AOL just released its Q2 earnings report with its sixth consecutive quarter of revenue and adjusted OIBDA growth. Total revenue grew 12% year-over-year. The company attributes this to accelerated global advertising revenue, which grew 20% year-over-year. The company saw 60%…
AOL Launches Programmatic Ad Platform ‘One’
AOL has rebranded AOL Networks to AOL Platforms, and announced the launch of One, a cross-screen programmatic ad platform, which combines the teams and technologies behind Adap.tv, AdLearn Open Platform (AOP) and MarketPlace, and lives under the AOL Platforms brand.…
AOL Earnings Released, Company Posts Strongest Quarter In 10 Years
AOL just released its Q4 earnings report, delivering its strongest revenue growth in a decade. Total revenue grew 13% year-over-year, mostly due to global ad revenue growth, which grew 23% itself. This includes 63% growth in third party network revenue…
AOL Gets Rid Of Patch, But Keeps Minority Stake
AOL will continue to have a relationship with its hyperlocal news service Patch, but is relinquishing operation and majority control, as it has announced a new joint venture with Hale Global. AOL says it will contribute Patch to a new…
AOL’s Adap.tv Acquisition Is Now Complete
About a month ago, AOL announced the company’s biggest acquisition under CEO Tim Armstrong with news that it would buy video ad platform Adap.tv for $405 million. The company announced the completion of that acquisition today. “With the addition of…
Tim Armstrong Apologizes For Firing Lenz
A public figure runs a media company. An employee of that media company recorded some words, then took a picture of this public figure. This employee is now fired and tensions are high at America Online. If you didn’t already…
AOL Reportedly Laying Off Hundreds From Patch, CEO Reportedly Fires Someone For Taking His Picture
Layoffs are coming to AOL’s Patch hyperlocal news service over the next week or so, according to multiple reports. When the company reported its earnings earlier this week, CEO Tim Armstrong indicated that AOL would get rid of up to…
AOL Q2 Earnings Out, Global Ad Revenue Boosts Overall Revenue
AOL reported its Q2 earnings on Wednesday, in addition to the news that it is acquiring Adap.tv in CEO Tim Armstrong’s biggest deal yet. The company managed to beat Wall Street estimates. Revenue for the quarter grew 2% year-over-year thanks…
AOL Appoints Susan Lyne CEO Of Brand Group, Minson Steps Down As COO
AOL just announced that it has appointed Susan Lyne CEO of its brand group, and she will run the AOL operating unit that houses the company’s portfolio of brands. There were already rumors being reported that she would be taking…
AOL Posts Year-Over-Year Revenue Growth For First Time In 8 Years
AOL released its Q4 earnings on Friday, and reported revenue growth for the first time in 8 years. AOL posted revenue of $599 million, significantly higher than Street’s $574 million estimate. Adjusted OIBDA was $123 MM ($8 MM higher than…
AOL Reorganizes Operations Into Three Distinct Units
Yesterday, AOL began buying back shares of common stock, spending up to $400 million in a dutch auction style sale. Stockholders stand to receive, or have received, as much as $30 per share. Today, AOL is introducing some more changes.…
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…
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…
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…
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,…
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…
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…