AOL to be split in four
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AOL Europe appoints new chief exec
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America Online, the world&#39;s largest Internet service provider, plans to lay off more than 700 employees early next month, or 5 percent of its US work force, to cut costs and meet financial goals, a source close to the company said on
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Four top executives at AOL abruptly announced their intentions to leave the company yesterday, just days before new chief executive Randy Falco is expected to announce a major restructuring at the top.
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AOL will disband its business unit that handled access subscriptions and give product managers more autonomy over designing services for consumers as the company increases its emphasis on generating advertising revenue.
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America Online, the world&#39;s largest Internet service provider, plans to lay off about 5 percent of its US work force as it faces an ever-dwindling subscribership, a source close to the company said on Tuesday.
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Time Warner Inc.  said on  Thursday it will make a decision on AOL&#39;s future by the end of  the year, addressing rampant speculation the online unit could  be spun off or merged with another company.
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DULLES, Va. -- The walls surrounding America Online Inc.'s well-manicured gardens are crumbling: AOL is abandoning its strategy of exclusivity and will free much of its music, sports, and other programming to nonsubscribers, in hopes of boosting ad sales.
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Also: Lucatel merger to spur shakeout. Read these stories and more from around the Web on News.com Extra.
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Seeking to cut costs and streamline operations, Time Warner will separate AOLâs Internet access business from its Web site and online advertising business and cut 100 jobs at its corporate unit.
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Time Warner will run the Internet access and audience businesses of its AOL segment independently, the company said today.
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AOL will be getting a dose of Cramerica.
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AOL, the Dulles-based Internet pioneer, yesterday said it was moving its headquarters to New York, transferring the leadership of a company that fueled the growth of the Washington area's technology industry over the past decade.
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AOL lost two million customers in the US over the last year. At the end of September AOL had 22.7m US users, a fall of 646,000 on the previous quarter and down two million a year ago.
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DULLES, Va. -- Time Warner Inc.'s America Online division, the biggest US Internet service, said it cut 750 jobs, or about 4 percent of its workforce, amid subscriber losses.
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Time Warner Inc. has been trying to figure out what to do with its struggling AOL unit for a few years now. A potential combination of Microsoft Corp. and Yahoo Inc. could put even more pressure on the media conglomerate to take action.
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AOL is still a big moneymaker but its subscription service is declining and no longer seems to fit with Time WarnerÂs plan for more growth.
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AOL's chief executive announced yet another restructuring of the online company's corporate structure Monday, creating a senior position to market its brand while naming several executives who will report to a newly appointed deputy.