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.
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.
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.
December 29, 1998 |
America Online Inc., the No. 1 online service, filed a lawsuit in an effort to stop its customers from being flooded with millions of unsolicited pieces of "junk" e-mail. The suit, filed in federal court in San Diego against Michael Persaud, alleges he committed fraud by using various names to send millions of e-mail messages to America Online customers. Those messages solicit money in exchange for a directory of companies that offer home employment.
September 13, 2002 |
A month after taking over as chairman and chief executive of AOL Time Warner's troubled America Online subsidiary, Jonathan Miller seized the reins more firmly Thursday, shuffling executives and unveiling a "streamlined management structure" with all key departments reporting directly to him.
March 22, 2005 |
The Securities and Exchange Commission said Monday that it had approved Time Warner Inc.'s proposal to pay $300 million to settle charges that it overstated advertising revenue and subscription numbers for its America Online unit. SEC officials said the company would restate financial results by reducing its reported online advertising revenue by about $500 million for the fourth quarter of 2000 through 2002, in addition to the $190 million it had already restated.