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BUSINESS
June 14, 2000 | Reuters
America Online Inc. and Target Corp. formed a cross-marketing alliance under which AOL will become Target's "preferred online service" for promoting some products and services. Target's online store, which sells merchandise and offers gift registries and other special services, will be promoted on AOL.com, Compuserve and Netscape. A "special edition" of the AOL service will be created, with prominent links to Target.com.
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BUSINESS
June 7, 2000 | Bloomberg News
America Online Inc. offered concessions in a bid to win regulatory approval for its $143-billion purchase of Time Warner Inc., the European Commission said. It declined to make public what the company proposed. The executive arm of the 15-nation European Union will decide by June 19 whether to approve the merger or study it for another four months. Consumer groups have lobbied U.S.
BUSINESS
May 25, 2000 | Bloomberg News
America Online Inc., the world's largest Internet service, and WorldCom Inc. the No. 2 U.S. long-distance carrier, said they'll work together to market AOL's services to WorldCom's residential customers. Terms of the exclusive, multiyear alliance weren't disclosed. WorldCom will market AOL's services to its local and long-distance customers. WorldCom's Internet subscribers will be offered at least six months to convert to AOL, company spokesman Terry Macko said.
BUSINESS
May 16, 2000 | Bloomberg News
AutoNation Inc., the largest U.S. vehicle retailer, and America Online Inc. formed a three-year alliance for online sales of cars and trucks. Terms were not disclosed. AutoNation also said it bought Cendant Corp.'s AutoVantage car-buying service for an undisclosed sum, adding agreements with 900 more dealers to fulfill purchase orders in cities around the country. Fort Lauderdale, Fla.-based AutoNation's online unit sold $1 billion in vehicles last year. The AOL pact lets members of the No.
BUSINESS
May 16, 2000 | From Associated Press
America Online Inc. has agreed to pay a $3.5-million fine to settle federal allegations it violated financial reporting rules by counting advertising costs as assets, the Securities and Exchange Commission said Monday. The advertising costs in question included AOL's well-known practice of flooding the mail with computer disks and a special offer to solicit new customers. The expenses totaled about $385 million by Sept. 30, 1996.
BUSINESS
May 12, 2000 | From Bloomberg News
Walt Disney Co., owner of the No. 1-rated ABC television network, asked U.S. regulators to impose significant conditions on America Online Inc.'s proposed $139-billion purchase of Time Warner Inc. Disney told the Federal Communications Commission in a filing late Thursday that AOL-Time Warner should be "unequivocally" prohibited from discriminating against any unaffiliated content or Internet service providers.
BUSINESS
April 29, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Following a heated hearing Friday, Los Angeles regulators voted to approve the transfer of Time Warner Inc.'s local cable franchise to America Online Inc. The move, necessitated by the pending merger of the two companies, is part of a nationwide review of Time Warner's cable franchise rights. As cities across the country consider the transfers of these rights, the debate over "open access" of cable systems is resurfacing after a period of relative quiet.
BUSINESS
April 27, 2000 | DAVID LAWSKY, REUTERS
A coalition of consumer groups told the Federal Communications Commission on Wednesday that America Online Inc.'s proposed purchase of Time Warner Inc. should be rejected unless it is made more competitive. Consumers Union, Consumer Federation of America, Media Access Project and Center for Media Education argued that the merger would diminish the number of voices available to the public, failing to meet the FCC requirement that the combination be in the public interest.
BUSINESS
April 26, 2000 | Bloomberg News
Drkoop.com hired Bear Stearns & Co. to explore strategic alternatives and said America Online Inc. will take a stake in the company. The health-care information site, co-founded by former U.S. Surgeon General C. Everett Koop, said it will have a per-share loss of 80 cents to 82 cents in the first quarter. It was expected to have a loss of 52 cents, the average estimate of six analysts polled by First Call/Thomson Financial. The company said it has about five months of cash remaining.
BUSINESS
April 20, 2000 | Bloomberg News
America Online Inc., the world's largest Internet service, said its subscribers spent $3.9 billion online during the first quarter, more than the $2.5 billion they spent during the 1999 holiday season. AOL charges rent to retailers such as Gap Inc., who advertise their Web sites to AOL's more than 22.2 million subscribers. AOL can charge higher rent if its subscribers buy more online.
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