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…