January 11, 2006 |
America Online Inc. is acquiring a video search start-up that has built technology to more easily find the latest news, sports and other online video offerings. The purchase of Truveo Inc., announced Tuesday, underscores the importance of video in drawing visitors to AOL's ad-supported sites, a big part of its year-old strategy of emphasizing free content over its declining access-subscription business.
CALIFORNIA | LOCAL
January 10, 2006 |
Douglas Bigelow, 49, a pioneer in Internet protection who fought e-mail spam, computer viruses, identity theft and online pornography as the head of security for the world's largest Internet service provider, died of pancreatic cancer Dec. 24 at his home in Vienna, Va. In 1995, he became America Online's vice president of operations security and the company's first employee responsible for protecting both customer and corporate data.
January 7, 2006 |
America Online Inc. agreed to pay customers as much as $25 million to settle claims that it wrongly billed them for some online services and products. The Time Warner Inc. unit had charged for services and products without customers' consent, according to several proposed class-action lawsuits. The plaintiffs also said AOL billed customers for accounts after they tried to cancel them. AOL denied the allegations.
December 24, 2005 |
Google Inc.'s $1-billion investment in America Online could lead to an IPO in 2008, giving the online search engine leader and AOL parent Time Warner Inc. an opportunity to capitalize on an Internet advertising boom that they hope to fuel through their partnership. The possible timeline for an initial public offering by AOL emerged Friday in a filing with the Securities and Exchange Commission.
December 21, 2005 |
Time Warner Inc. approved a deal Tuesday with Google Inc. that gives the Web-search giant a 5% stake in America Online for $1 billion and broadens the advertising ties between the Internet companies. With the agreement, which was reached last week, Google locked up a key source of cash: The simple text ads it places with AOL's search-engine results generate about 10% of Google's revenue. The deal also allowed Google to parry Microsoft Corp.'
December 20, 2005 |
Billionaire investor Carl Icahn said Monday that Time Warner Inc.'s plan to sell a 5% stake in its America Online for $1 billion to Google Inc. may prove to be "disastrous" by preventing more valuable deals. "The real risk for Time Warner shareholders is that a Google joint venture may be shortsighted in nature and may preclude any consideration of a broader set of alternatives," Icahn said in an e-mail copy of a letter sent to directors at New York-based Time Warner.
December 17, 2005 |
Google Inc. plans to invest $1 billion in Time Warner Inc.'s America Online in a deal that would deepen the ties between two Internet advertising giants and leave rival suitor Microsoft Corp. out in the cold. After months of much-publicized negotiations with both companies, Time Warner Chief Executive Richard Parsons called Microsoft CEO Steve Ballmer on Friday morning to say he had agreed to a tentative deal in which longtime partner Google will acquire a 5% stake in AOL.
December 13, 2005 |
Now he tells us. Six years after arranging the ill-fated marriage between America Online and Time Warner Inc., Steve Case on Monday admitted he was wrong and echoed investor Carl Icahn's call to break up the company. "Obviously I was a big believer in convergence and a big believer in cross-divisional collaboration to drive innovation and growth," the AOL co-founder said in a chat Monday on Washingtonpost.com, a day after the Post published an essay he wrote favoring a corporate split.
November 23, 2005 |
Time Warner Inc.'s America Online agreed to lead a $16.2-million investment in Brightcove and become the first Internet service provider to give its customers access to the closely held company's online video library. AOL was joined in the investment by Hearst Corp., owner of Esquire and Cosmopolitan magazines, and New York investment bank Allen & Co., as well as two other investors.