AOL
August 4, 2010 - 11:26am | Figures | News
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AOL posted a massive quarterly loss, having swallowed a Q2 goodwill impairment charge related to its sell-off of Bebo. To make things worse the company also reported that its advertising revenue dropped by 27% in the quarter ended June 30. In the same period a year earlier AOL pulled in $355.7m.
Overall revenues declined 26% to $584.1m during the quarter.
The loss reported by AOL made up $1.6bn, or $9.89 a share, compared with a profit of $90.7m or 86 cents a share in its 2009 Q2. AOL was also hit with a goodwill impairment charge of $1.4bn during the quarter. |
July 22, 2010 - 4:00am | News | Plastic cards
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American Express Company has announced the names of new executive and Board of Directors. According to the company’s statement Daniel H. Schulman, previously worked as President of Sprint's Prepaid group will become a President of the newly-created Enterprise Growth Group. Also AmEx has appointed Ted Leonsis, a Chairman of Revolution Money and AOL, to its Board of Directors and named him Chairman of a new Innovation and Technology Committee of the Board.
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April 29, 2010 - 2:59am | News | Other themes
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AOL has at last sold ICQ instant messenger company to Russian investors for $187.5 million. The transaction was reported by Digital Sky Technologies, an investment group backed by Yuri Milner, a media baron, and Alisher Usmanov, Uzbek commodities tycoon who owns a large stake in Arsenal FC.
While the popularity of the instant messenger has declined in the Western countries it remained strong and even increased in Israel, where it was developed, and former Soviet countries. |
March 26, 2010 - 3:32am | News | Other themes
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An online instant messenger ICQ, owned by AOL and widely used outside the United States, has added the support of Facebook Chat.
Earlier AIM, which is also owned by AOL, also added Facebook Chat support to its services. In January ICQ launched its 7 version with Facebook support but that included only status updates while the Chat has gone live on March 25 yesterday. |
December 14, 2009 - 1:06am | News | Other themes
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A bidding
war over the ICQ instant messaging division of AOL, popular amid 33 million
users worldwide and number 1 instant messaging provider in Russia, currently
involves a number of North American companies.
Amid the companies interested in acquiring ICQ
there are Google, DST, and Nasper.
Google’s interest in ICQ is most likely
because of the widest Russian connection, while the service died off for the
most part in North America.
So, Russian marke |
September 9, 2009 - 10:12am | Law aspects | News
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Ten industry leaders — Yahoo!, PayPal, Google, Equifax, AOL, VeriSign, Acxiom, Citi, Privo and Wave Systems — announced today they will support the first pilot programs designed for the American public to engage in open government — government that is transparent, participatory, and collaborative. This open identity initiative is a key step in President Obama's memorandum to make it easy |
July 27, 2009 - 2:29am | News | Other themes
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A Squared Entertainment, a new kids` content company, in collaboration with AOL will produce a season`s worth of 3-5-minute webisodes that will premiere on AOL. The show, will teach kids about finance, the environment, creativity and science.
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May 28, 2009 - 5:59am | News | Other themes
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The new leaders of News Corp.'s MySpace said Wednesday they need to innovate in order to rejuvenate the social networking site and to renew stalled user growth.
According to Owen Van Natta the reason he took the job of MySpace chief executive was ability to make changes to the site. "When I look at MySpace there's just so much opportunity to build," Van Natta said at The Wall Street Journal's D: All Things Digital conference. "I took the job because there's a lot more that can be done around innovation."
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May 12, 2009 - 2:59pm | News | Other themes
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AOL UK has announced today that the beta launch of its new homepage is already available and it lets consumers access multiple e-mail accounts and social networking services from a single online destination. The new homepage will be opened to third-party services and content, providing consumers with new customization options while offering advertisers new opportunities to tap into an increasingly engaged audience.
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April 17, 2009 - 3:48am | News | Other themes
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As Reuters reported, on Thursday Time Warner’s bondholders had agreed to change the conditions of their debt contracts. That means that the restrictions on a sale or spin-off of its Internet unit AOL will be removed. Time Warner's portfolio includes HBO, Warner Bros film studios and the Time publishing unit.
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April 15, 2009 - 6:58am | Law aspects | News
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A federal court was asked by Time Warner Inc's AOL to rule that the company does not infringe patents held by Yahoo Inc. The request was submitted to the court in the form of a complaint seeking declaratory relief.
The filing cites the intellectual property dispute between Yahoo and Quigo, an online advertising company that AOL acquired for $340 million in 2007. According to the complaint AOL and Quigo were informed in the letters sent by attorneys for Yahoo that the company’s seven patens were infringed.
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March 25, 2009 - 8:51am | Fraud | News
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A U.S. court sentenced Thomas Taylor of West Haven, Connecticut to four years of probation for his participation in a malware-powered ID theft scam, reports the Register. Taylor used fake electronic greetings cards to spread malware among AOL users. Apart from probation Taylor was also ordered to pay $33,714 in restitution to victims of the scheme. Besides, he agreed to serve 200 hours of community service during his probation. First seven months of his restriction he will be confined to home.
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March 18, 2009 - 10:46am | News | Other themes
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YouTube has grown to have 100 million unique visits in January, says comScore. The fact makes YouTube the most widely viewed video service in the US again. The site was followed by Fox Interactive Media properties, Yahoo! sites, Microsoft sites, AOL, and Hulu.
This could be explained by the fact that the users of YouTube generate the majority of its content eMarketer estimated that 9.1% of Internet users (18.1 million people) will create user-generated videos this year.
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March 18, 2009 - 7:51am | Figures | News
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February 2009 data from comScore Media Metrix showed that MediaGlow, AOL’s publishing division has been reported to have seen a record high traffic on February 1, when the page views had climbed 21% against last year’s results and reached 5.7 billion, and total minutes spent by users on the site increased 22% to reach 4.2 billion. Moreover, a recent report from Nielsen Online stated that the amount of time AOL users spent on its sites or applications hit its peak in February 2009, exceeding three hours and forty-five minutes.
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March 10, 2009 - 8:22am | News | Other themes
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AOL Latino has announced the launch of TecnoPadres.com, http://www.tecnopadres.com. The site, which is a part of AOL Latino’s women's lifestyle network Tu Vida y Más, is aimed at helping parents learn, understand and discuss technology. Miguel Ferrer, Director of AOL Latino, highlighted that the site was valuable “not only because the Latino parent market is largely untapped but also because it shows we continue to be forward thinking when it comes to showing leadership within the Latino category.” |
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