AOL looking for 2,500 workers to resign voluntarily
AOL is in the process of separating itself from the parent company Time Warner.
As part of this program, they are aiming to cut around 2500 jobs.
The company has announced a voluntary layoff program that would run for a week next month.
AOL said in [...]
AOL cuts around 100 jobs
AOL has announced that they are cutting around 100 jobs from their operations.
The company is in the process of separating from the parent company Time Warner.
AOL said that the job cuts are applicable in all the departments of the company.
They would now have around 6,900 employees after the [...]
MSN.com set to get a major design update
Yahoo and AOL have gone through major updates in the recent times.
It is the turn of Microsoft owned MSN.com to launch a brand new user interface.
The new design is currently accessible through a different URL as they are testing it.
MSN.com would no longer feature [...]
AOL wants to become a content company?
AOL has long been known as the company that provided dial-up internet access in the US market.
The company has been working hard on changing the core of their business. The aim has been to generate revenues through online advertising.
AOL CEO Tim Armstrong has now stated that [...]
AOL could be worth just around USD 4.2 billion
When Google acquired a stake in AOL a few years ago, the valuation was set at around USD 20 Billion.
Times have changed. Google has moved on. And Time Warner is planning to get rid of AOL by making it an independent entity.
Market analysts have claimed [...]
Shashi Seth joins AOL as senior vice president of global advertising
US based internet media company AOL has announced that they have hired Shashi Seth as their new senior vice president of global advertising.
He arrives at AOL from Cooliris which is known for their popular Firefox and Internet Explorer add-on.
Seth would now report directly to [...]
AOL: Tim Armstrong says job cuts possible in the future
AOL CEO Tim Armstrong has admitted that they cannot rule out job cuts in the future as the company aims to get back to profitability.
He has been working hard on restructuring the company to ensure that they do not waste any resources.
The company [...]
AOL to focus on core strengths for revival
AOL Chief Executive Tim Armstrong has said that the company has the potential to survive and become profitable even after it is spun out of Time Warner.
He is asking the investors to hold on to their stock in the company to reap the benefits in the coming [...]
AOL acquires Patch Media Corp. and Going Inc.
US based internet media giant AOL has announced two new acquisitions aimed to further expand their range of web properties.
AOL is now acquiring Patch Media Corp. and Going Inc.
Both of these deals are low value acquisitions. AOL is paying less than USD 10 million for each of these [...]
Time Warner plans to spin off AOL
Time Warner has revealed their plans to spin off internet division AOL.
The company revealed some of the details about their upcoming plans in documents submitted to the Securities and Exchange Commission.
Time Warner has hinted in the past that they wanted to separate AOL from their core operations.
Company [...]
