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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: AOL

AOL stories: 50 news summaries

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 AOL to Lay Off a Third of Staff 

Roughly 2300 will get the boot after spin-off

Nov 19, 09 8:13 AM CST
(AP) - AOL says it plans to cut about a third of its work force once it is spun off from Time Warner. That would amount to nearly 2,300 of the roughly 6,900 workers at the struggling company. AOL said in a securities filing today it will impose the cuts... More »

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Time Warner • AOL • unemployment • job cuts

 Cost-Cutting Companies 
 Target No. 2  Execs 

Corporations eliminate second-in-command roles to save on costs

Sep 21, 09 8:27 AM CDT
(Newser) - Cost-cutting at American's largest corporations is hitting the executive suite, with CEOs rolling up their sleeves to take on more day-to-day responsibilities and laying off their No. 2s. In the 18 months leading up to June 2009, 40 major companies eliminated COOs or presidents, the Wall Street Journal notes, while... More »

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AOL • executive compensation • CEO • recession • corporations • corporate governance • Chief Executive • management • COO • financial crisis

(Newser) - TMZ left its more savory rivals in the dust yesterday, reporting Michael Jackson’s cardiac arrest and death before any other media outlet, the Chicago Tribune reports. The AOL gossip website reported Jackson’s death at 2:44 local time, less than 20 minutes after the singer expired. But... More »

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entertainment • media • Time Warner • AOL • online news • death • CNN • TMZ • Los Angeles Times • Michael Jackson • new media

Time Warner Set to Spin Off AOL by Year's End

Division to go public by year's end

May 28, 09 8:43 AM CDT
(Newser) - Time Warner plans to to shed its AOL division by the end of the year, the company said today, spinning it off into a publicly traded firm, the Wall Street Journal reports. Many predicted the move when Time Warner tapped Google ad exec Tim Armstrong as AOL’s CEO,... More »

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Google • Time Warner • AOL • mergers and acquisitions • Jeff Bewkes • spin-off

AOL Names Former
Google Exec as CEO


Mar 12, 09 6:27 PM CDT
(AP) - AOL is getting a new CEO. Tim Armstrong, a senior vice president at Google, will replace Randy Falco, who took the job in late 2006. Falco is leaving along with president and COO Ron Grant. The shakeup could mean that a Time Warner spin-off of AOL is more likely. Time... More »

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Google • Time Warner • AOL • CEO

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

Feb 4, 09 6:18 AM CST
(Newser) - Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL and its magazines, rising revenue... More »

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Time Warner • AOL • Time magazine • Jeff Bewkes • media conglomerates • writedowns • goodwill

AOL Explores
Sale of Bebo: Sources

Networking site may be on block for $200M
year after $850M sale

Jan 27, 09 3:56 PM CST
(Newser) - Less than a year after shelling out $850 million to acquire Bebo, AOL is looking to sell, sources tell TechCruch—though both AOL and the social-networking site are denying it. Bebo, with underwhelming numbers and buffeted by the spiraling economy, could go for $200 million. More »

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social networking • AOL • Bebo • financial crisis

 Ex-AOL Chief Seeks 
 Funds to Buy Yahoo 

$30B difficult to raise amid recession

Dec 2, 08 2:08 PM CST
(Newser) - After months of advising both Microsoft and Yahoo on a failed deal, former AOL chief Jonathan Miller is trying to put together a bid for Yahoo himself. The venture capitalist is asking private investors to help him amass the $30 billion needed to acquire the struggling, $10-a-share search engine group,... More »

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Yahoo • Time Warner • AOL • Microsoft • mergers and acquisitions • investment • venture capitalists • financial crisis • Jonathan Miller





 Web Users 
 Still Can't Get 
 Enough Palin 

GOP candidate still dominates web searches

Nov 29, 08 12:05 PM CST
(Newser) - We just can't seem to let Sarah Palin go. Nearly a month after the election, she continues to dominate user lookups on search engines, cable news sites, and YouTube, reports Politico. Alaska's governor ranks near the top of virtually every major search tool, including Yahoo, AOL, and Lycos, where she... More »

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Yahoo • Alaska • AOL • Republican • search engine • Sarah Palin • Lycos

ANALYSIS

Service Cuts Make AOL
Even More Useless

Blogging, page-hosting features latest to go as parent Time Warner looks for answers

Oct 1, 08 5:00 PM CDT
(Newser) - AOL is cutting two more of its website’s offerings, a blog creator and a data hosting service, Peter Kafka notes on Silicon Alley Insider. Users of AOL Journals, which hosts blogs, will be migrated to an equivalent host. Users of AOL Hometown, which mainly store photos—and, Kafka sniffs,... More »

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Internet • AOL • blogging • restructuring • data storage • web services

Yahoo Board OKs New Round of AOL Talks

Time Warner anxious to decide on service's future

Sep 24, 08 1:13 PM CDT
(Newser) - A Yahoo board of directors now stocked with allies of activist investor Carl Icahn cleared the way yesterday for reigniting talks on combining with AOL, the Financial Times reports. Time Warner’s chief is eager to decide AOL’s future “fairly soon,” but is hoping Microsoft will join... More »

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Yahoo • Viacom • Time Warner • AOL • Carl Icahn • merger • Nextel

AOL Brings in Outside Help With Homepage Redesign

Gmail, Facebook will be accessible from firm's web portal

Sep 10, 08 1:50 PM CDT
(Newser) - AOL is overhauling its portal page, incorporating third-party email services and social-networking sites into AOL.com, paidContent reports. The redesigned site allows users to perform global status updates, so a message sent from AOL would show up on Facebook, Myspace, Twitter and more; users will also be able to view... More »

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social networking • Internet • AOL • MySpace • Facebook • Gmail • Bebo • Yahoo Mail • web portal • Twitter

PRODUCT REVIEW

 Mossberg Picks iPhone Apps 

Add more cowbell or find nearby restaurants

Jul 23, 08 2:22 PM CDT
(Newser) - Impressed with Apple's spread of iPhone apps, Wall Street Journal tech gurus Walt Mossberg and Katherine Boehret list their favorites.
  • AOL Radio: The best Internet radio player for the iPhone
  • Evernote: A good port of the elegant note-taking program
  • Instapaper: Instantly download Web pages for offline reading.
  • Travelocity
... More »

MORE ABOUT:
AOL • Apple • list • software • iPod Touch • smartphones • mobile platforms • Internet radio • iPhone applications • mobile devices • iPhone 3G

Microsoft Meets With AOL
to Explore Possible Deal

Software giant is seeking an alternative to Yahoo

Jul 16, 08 3:11 PM CDT
(Newser) - 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... More »

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Yahoo • Time Warner • AOL • Microsoft

GADGETS

 Not Just iPhone—iRadio! 

The new gadget supports AOL Radio's new app, for free

Jun 13, 08 9:00 PM CDT
(Newser) - Apple’s new iPhone will provide free, CD-quality radio from 200 stations in 25 genres—even if that does cut into iTunes' music business, Saul Hansell blogs in the New York Times. But Apple knows that it will "fare best if it makes the iPhone as useful as possible,... More »

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radio • AOL • CBS • iPhone • Apple • AT&T • iPhone applications • streaming content

analysis

Why Yahoo Should Sell— Before Microsoft Wakes Up

Forget cash flow; think sale price

May 20, 08 10:08 AM CDT
(Newser) - Yahoo needs to sell to Microsoft, or it’ll wind up a cautionary tale, writes Dennis Berman in the Wall Street Journal. Yahoo currently trades at 48 times earnings—for comparison, GE trades at 15 times earnings, and Google at 33, even though both are growing faster than... More »

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Yahoo • AOL • Microsoft • mergers and acquisitions • profit growth

SEC Charges Ex-AOL Execs With Fraud

Alleges they inflated revenue during merger with Time Warner

May 20, 08 9:42 AM CDT
(Newser) - The Securities & Exchange Commission has filed civil fraud charges against eight former AOL executives for allegedly inflating AOL's advertising revenues before its merger with Time Warner, the Wall Street Journal reports. The men are accused of giving firms money to buy ads on AOL that they didn't want or... More »

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Time Warner • AOL • fraud • online advertising • merger • SEC

Analysis

Yahoo, Microsoft Back Where They Started: Behind Google

Both companies scramble for options

May 5, 08 12:56 PM CDT
(Newser) - 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... More »

MORE ABOUT:
Yahoo • Google • Time Warner • AOL • Microsoft • MySpace • mergers and acquisitions • Facebook • search advertising

Analysis

 Yahoo Faces Lawsuits,
 Rough Ride on Wall Street 

Turning down Microsoft's sweetened bid may cost company in coming weeks

May 5, 08 6:17 AM CDT
(Newser) - 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... More »

MORE ABOUT:
Yahoo • Google • AOL • Microsoft • Jerry Yang • lawsuit • acquisition

Post-Microsoft, What's a Yahoo to Do?

Google deal risky, but analysts say company must prove its value

May 4, 08 5:24 PM CDT
(Newser) - High-fives broke out at Yahoo yesterday after Microsoft revoked its buyout bid, but founder Jerry Yang and colleagues may want to hold off on celebrations, the New York Times reports. Analysts expect the stock to tank tomorrow, shareholders are mulling legal action, key workers may walk, and an alliance... More »

MORE ABOUT:
Yahoo • AOL • Microsoft • Jerry Yang • Steve Ballmer

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