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 [...]
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 [...]
Comcast in talks to acquire NBC Universal!
Market sources say that Comcast is in talks with GE to acquire their NBC Universal unit.
NBC Universal is made up of several properties including: NBC broadcast network, Universal movie studio, and a couple of television channels.
Comcast has denied these market reports. Sources however claim that the [...]
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 [...]
Analyst: Time Warner could sell magazine division
Gordon Crawford is the managing director of The Capital Group which is currently the largest stakeholder in Time Warner.
He has suggested that Time Warner could sell their magazine division which publishes popular titles like Time, People and Sports Illustrated.
Crawford said: “Time Warner just spun off their cable [...]
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 [...]
Now Time Warner against free content online!
We already know that News Corp boss Rupert Murdoch does not like the idea of free news content online.
Now, Time Warner has joined the group.
Time Warner CEO Jeffrey Bewkes said during an investor conference that he does not like the concept where publishers provide their content for free [...]
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 [...]
