July 19, 1999 |
America Online Inc., the unchallenged leader in cyberspace access at home--with 16 million U.S. customers and counting--has been humbled in Britain this year. Today it will strike back with its competitors' weapon: free Internet service.
May 29, 1998 |
America Online Inc. agreed to pay $2.6 million to 44 U.S. states, including California, to settle allegations that the leading online service misled consumers about fees and phone rates. But consumers won't see any of that money, which will instead be shared by the states for the costs of investigation and consumer education. California will receive about $100,000, said Bill Maile, a spokesman for Atty. Gen. Dan Lungren's office.
March 12, 1996 |
With a flurry of deal making that officials say could double its size within a year, America Online, long sneered at by the Internet cognoscenti, is firmly establishing itself as one of the dominant players in cyberspace.
January 25, 1997 |
New York's attorney general, adding to America Online's growing pains, said Friday that he will sue the company unless it promises refunds and stops promoting a pricing plan it can't reliably deliver. "You don't sell 10,000 tickets to a theater that you have only 3,000 seats for," Atty. Gen. Dennis Vacco said. "Consumers that want refunds should be able to get refunds."
August 8, 1997 |
America Online Inc. reported a quarterly loss of $11.8 million, attributed to previously announced expenses from its move to flat-rate pricing. Its operating performance topped Wall Street's expectations, however. The Dulles, Va.-based online service, the nation's largest, said the loss for the fiscal fourth quarter, ended June 30, is the equivalent of 12 cents a share. Results were dragged down by the $24.
October 7, 2005 |
Time Warner Inc.'s America Online unit said Thursday that it was buying Weblogs Inc., a Santa Monica-based provider of popular online journals. AOL is paying $25 million in cash for privately held Weblogs, an executive familiar with the deal said. Weblogs Chief Executive Jason McCabe Calacanis, who co-founded the firm in 2003, said it now operated 90 blog sites that typically focused on specific topics.
June 1, 2000 |
The Los Angeles City Council on Wednesday unanimously approved the transfer of the local Time Warner cable franchise to America Online. America Online must get cities across the country to transfer local cable licenses as part of its pending purchase of the world's largest entertainment company. The City Council did not stipulate as a condition of the transfer that America Online open the cable system to rival Internet service providers.
September 14, 1994 |
Tele-Communications Inc., the nation's largest and most influential cable company, was poised to acquire a 9% stake in America Online Inc. until Microsoft Corp. Chairman Bill Gates intervened, according to sources close to TCI. The acquisition is now on hold while TCI Chief Executive John Malone and Gates discuss whether the Vienna, Va.-based cable behemoth can invest in Marvel, the code name for the on-line service that Microsoft has been secretly developing, according to sources.
September 26, 1996 |
America Online went offline again for about 45 minutes for some subscribers Wednesday as a technical snafu kept customers from connecting with the world's largest subscriber-based computer network. Subscribers weren't able to dial into the service between about 3 and 3:45 p.m. Pacific time, the company said. Customers who were already online using the service weren't affected.