Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 11, 2008 11:24:16 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

As AOL Looks for Answers, Time Warner Hopes for Deal

Posted Mar 12, 08 1:08 PM CDT in Business,  Technology 

(Newser) – AOL’s efforts at launching an Internet ad-sales business—dubbed Platform A—continue to stumble, the New York Times reports. Parent Time Warner Monday fired another exec and yesterday said it’s willing to combine AOL with another company to jump-start the moribund division it’s already spent $1 billion on. Ex-AOLers say the one-time Internet giant is self-destructing.

Time Warner CEO Jeffrey Bewkes said AOL may spin off its legacy dial-up service and acknowledged the AOL.com portal is being eroded by other portals, including Yahoo, a potential future partner. AOL execs say the company will not meet first quarter revenue goals and is unlikely hit its yearly numbers. Sagging dial-up subscriptions and slowing ad sales growth will both hurt.

Source New York Times

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Microsoft Meets With AOL to Explore Possible Deal

    Jul 16, 08 3:11 PM CDT
    Microsoft Meets With AOL to Explore Possible Deal Microsoft will sit down today with executives from Time Warner's AOL to explore a joint venture between the two companies, reports the Wall Street Journal. The software giant is looking for alternatives to its failed Yahoo buyout. Microsoft and Time Warner have been considering a deal for months, though no specifics have been ironed out. Yahoo, meanwhile, is pursuing its own talks with AOL as it fights off a hostile takeover attempt led by Carl Icahn. More »

  • Yahoo Looks to Time Warner, News Corp.

    Jul 3, 08 11:49 AM CDT
    Yahoo Looks to Time Warner, News Corp. Yahoo—back in the sights of Microsoft—is trying to keep its fate in its own hands, launching talks with potential partners, the Wall Street Journal reports. The Internet company reopened talks with Time Warner about a deal that would make AOL part of Yahoo and give Time Warner a minority interest in the new venture; Rupert Murdoch's News Corp. is also in the mix. More »

  • Yahoo, Microsoft Back Where They Started: Behind Google

    May 5, 08 12:56 PM CDT
    Yahoo, Microsoft Back Where They Started: Behind Google The Microsoft/Yahoo deal looks dead, and at least one company is celebrating: Google. Both companies are exploring other deals, but none will be as potent as MicroHoo might have been, BusinessWeek reports. That’s good news for a certain search giant. “Its two main competitors are separate and floundering,” said one analyst. “We think Google's the winner.” More »

  • Yahoo Faces Lawsuits, Rough Ride on Wall Street

    May 5, 08 6:17 AM CDT
    Yahoo Faces Lawsuits, Rough Ride on Wall Street At least seven lawsuits already have been filed against Yahoo for its handling of Microsoft’s bid to acquire the Internet portal and lawyers say the company is likely to face more, reports Reuters. Microsoft withdrew a $33-per-share offer Saturday—a 70% premium above Yahoo’s share price three months ago when Microsoft launched its bid—after Yahoo demanded $37. More »

  • Yahoo, Google Close in on Search Ad Deal

    Apr 17, 08 8:45 AM CDT
    Yahoo, Google Close in on Search Ad Deal A deal that would have Google operate Yahoo’s core search ad business may be closer now that the two have successfully tested the system, reports the Wall Street Journal. An agreement would increase Yahoo’s cash flow by as much as $1 billion annually, and give it additional leverage to fight a hostile Microsoft takeover bid—or at least boost its sale price. More »

Lynda Clarizio President of AOL's Platform-A. (Photo   (Associated Press)
Jeffrey Bewkes, President and Chief Operating Officer, Time Warner.   (Associated Press)
The America Online logo.   (Associated Press)
The Time Warner Center is shown on Thursday, Jan. 3, 2008 in New York.   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 2)

Tags

Internet  • Google  • Microsoft  • Yahoo  • AOL  • Time Warner  • advertising sales  • Jeffrey Bewkes  • dial-up Internet  • spinoff


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Technology Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »