Yesterday brought the news that AOL sold Buy.at, the affiliate marketing network it bought in early 2008, to UK network Digital Window. AOL acquired Buy.at for a rumored $125 million two years ago. Today, AOL filed a 10-K report that revealed that AOL only sold Buy.at for $17 million, taking a hit of a whopping $108 million. Another fascinating tidbit in the filing is related to hyperlocal news s
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AOL To Pour $50 Million Into Patch This Year
Posted by preetam 6 days ago (http://feedproxy.google.com)
Two Years Later AOL Offloads Buy.at To Digital Window
Posted by preetam 8 days ago (http://feedproxy.google.com)
In something of a surprise move AOL has sold Buy.at, the affiliate marketing network it bought in early 2008, to UK network Digital Window. AOL acquired Buy.at for a rumoured $150 million but although sale terms have again not been disclosed this time round it's fair to say the price will be substantially less that that.
No executive job is safe in Tim Armstrong's AOL, where he is still cleaning house and putting his own team into place. Even Bill Wilson, the architect of AOL's let-a thousand-blogs-bloom content strategy which is a cornerstone of AOL's new approach, is now being replaced as president of AOL Media by Armstrong's former New York City Google colleague David Eun. "In a turnaround situation we are doi
During today's AOL earnings call, which just finished, CEO Tim Armstrong dropped the strongest hint yet that Google is the front-runner in negotiations for who will power search across AOL properties. Google is AOL's current partner, as it has been for nearly a decade, but the partnership is up for renewal. Needless to say, snatching the search partnership away would be a coup for Microsoft's Bin
AOL Revenues Dropped 17% Year-Over-Year In Q4 2009
Posted by preetam 33 days ago (http://feedproxy.google.com)
AOL just released its financial results for 2009, its first as a standalone company since October 2000. The company reported a profit of $1.4 million, or a penny a share, compared with a loss of $1.96 billion, or $18.52 a share, a year earlier (when Time Warner wrote down the Internet giant). What caught our eye is that revenues are down 17% YOY, dropping from $974 million in Q4 2008 to roughly $
AOL Loses Another VP: Ralph Rivera, VP of AOL Games and AOL Latino
Posted by preetam 35 days ago (http://feedproxy.google.com)
In the midst of massive headcount cuts, another AOL exec is departing the newly-independent company. Ralph Rivera, previously the Vice President of AOL Games and AOL Latino, where he was responsible for AOL's portfolio of online casual games and helped expand its international reach, is leaving to become President of Major League Gaming, Online. MLG is a small but growing professional competitive
On AOL PR, Truth And “On The Record”
Posted by preetam 42 days ago (http://feedproxy.google.com)
When it comes to PR, there is damage control and then there is just plain cluelessness. Ten days ago, I found out that Aol's chief technology officer Ted Cahall was planning to leave the company. Today, it became official. Even though our information was correct, Aol made repeated statements, on the record, that our story was wrong. To put it more bluntly, Aol lied to us, and also encouraged othe
Comcast announced this morning that it has appointed Neil Smit as the new President of Comcast Cable Communications. In his new role, Smit will be responsible for all business aspects of the company’s cable operations. He will report to Comcast COO Steve Burke. Neil Smit joins Comcast from Charter Communications, where he served as CEO and Director for the past 4 years. Prior to joining Charter,
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