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America Online Inc

BUSINESS
August 22, 2000 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
A lesser-known Internet music site under legal attack from the record industry fired back with a suit of its own Monday, accusing America Online Inc. and Time Warner Inc. of contributing to online music piracy by unleashing the song-swapping software known as Gnutella. The complaint, filed in U.S. District Court in New York by MP3Board Inc.
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BUSINESS
July 25, 2000 | Bloomberg News
General Electric Co.'s NBC joined in the fight against America Online Inc.'s purchase of Time Warner Inc., urging federal regulators to impose stiff conditions on the transaction. NBC, in a filing with the Federal Communications Commission, said AOL-Time Warner should be forced to provide Internet and video rivals with nondiscriminatory access to their cable lines. NBC's entry into the fight against the transaction is a boost for Walt Disney Co.
BUSINESS
July 25, 2000 | CHUCK PHILIPS
Migrating the music industry to the Web will be a far more brutal move than most record companies will admit, says Time Warner President Richard Parsons. Already, sources say turf wars have erupted between AOL and Time Warner as they attempt to integrate their drastically different cultures. In an exclusive interview, Parsons talks frankly about Internet economics, the status of Time Warner's proposed mergers with AOL and EMI Group as well as rumors regarding his own status.
BUSINESS
July 21, 2000 | From Associated Press
America Online Inc. said it more than doubled its fiscal fourth-quarter profit compared with last year, easily beating Wall Street estimates as revenue surged 40%. The Dulles, Va.-based company Thursday reported net earnings of $338 million, or 13 cents per share, for the quarter ended June 30. That is up 115% from $157 million, or 6 cents per share, in the year-ago quarter. Analysts surveyed by First Call/Thomson Financial had pegged earnings at 11 cents per share.
BUSINESS
July 18, 2000 | Reuters
America Online Inc. said it agreed to offer some of its content and services through AT&T Wireless Services, which operates a digital network with about 12.5 million subscribers. The pact, whose terms were not disclosed, is the latest in a series of wireless-related deals for AOL. The deal builds on its "AOL Anywhere" strategy, which aims to allow its members to use mobile devices to access AOL e-mail, instant messaging and content.
BUSINESS
July 1, 2000 | Bloomberg News
Tribune Co., the third-largest U.S. newspaper company and parent of the Los Angeles Times, agreed to sell its 20% stake in Digital City Inc. to America Online Inc. and will provide local news and sports content to the regional Web site. Terms weren't disclosed. The sale means Digital City, founded in 1996 by the two companies, will be completely controlled by Dulles, Va.-based America Online, the largest Internet service provider.
BUSINESS
June 17, 2000 | ANTHONY MASSUCCI, BLOOMBERG NEWS
America Online Inc., the world's largest online service, said it submitted a proposal to an Internet task force outlining how it could make its instant-messaging system work with competing systems. The Federal Communications Commission, in reviewing America Online's planned $139-billion acquisition of Time Warner Inc., had asked the companies to address concerns raised by rivals regarding America Online's practice of blocking instant messages from consumers using other software.
BUSINESS
June 17, 2000 | From Reuters
America Online Inc. said Friday that vandals had broken into its AOL service and gained access to an undisclosed number of member accounts, highlighting the vulnerability of even the world's largest Internet services provider to hacker attacks. The software virus attack appeared to be similar in kind, but by no means in scale, to the "ILoveYou" virus that paralyzed tens of millions of computers last month, penetrating networks in government and companies worldwide.
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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