November 20, 2009 |
AOL said Thursday that it planned to reduce its workforce by a third over the next several months. The New York company, which employs about 6,900 people, is hoping to get as many as 2,500 workers to participate in a "voluntary layoff" program in early December. For the time being, AOL is part of Time Warner, though the media giant is scheduled to spin off the former dial-up Internet powerhouse into a separate company Dec. 9. Chief Executive Tim Armstrong announced the latest round of restructuring Thursday morning.
November 8, 2007 |
Harry Potter worked his magic, but continuing struggles at AOL cast a pall over Time Warner Inc.'s third-quarter financial results. The world's largest media company's movie division was one of the bright spots in Wednesday's quarterly report. Revenue there jumped 33%, boosted by the strong box-office performance of "Harry Potter and the Order of the Phoenix." Still, the AOL slowdown remains a big headache for President Jeffrey L. Bewkes, who inherits the chief executive job Jan.
October 16, 2007 |
Struggling Internet service AOL said Monday it would pare costs by cutting 2,000 jobs, or one-fifth of its global workforce, as part of its painful transition from a subscriber-based business to an online advertising forum. Job cuts will come in all parts of the company, a unit of Time Warner Inc., but one of the areas expected to be most affected is the Internet-access business that used to be AOL's core.
September 8, 2007 |
AOL is once again revamping its Netscape.com Web portal, dropping a year-old "social news" component in which visitors submitted news stories and blog entries and voted on them to determine how they're ranked on the site. AOL, the Internet services unit of Time Warner Inc., said it wasn't giving up on social news completely and would instead send interested visitors to a separate, yet-to-be-determined Web address.
July 25, 2007 |
AOL, a Time Warner Inc. unit, agreed to buy closely held Tacoda for technology to place Internet ads based on consumers' online behavior. New York-based Tacoda Inc. plans to track how users view AOL and its partner websites to come up with more targeted ads tied to those preferences. The purchase price is $200 million to $300 million, Dulles, Va.-based AOL said.
July 12, 2007 |
Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3-million settlement with 48 states and the District of Columbia.