Topic / AOL

AOL strikes US$1 billion patent deal with Microsoft

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Microsoft has agreed to buy over 800 patents from AOL, and license the remainder still with the company, in a deal that is worth US$1.056 billion. And since the payment is in cash – this will give AOL a much needed cash injection for its long-term strategy to become a huge online media player. The deal has pretty much stunned analysts as one told BusinessWeek at the end of March […]

TECHGEEK Weekly 37: Kicking in the Front Seat

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We’re back with a new episode, and while the tech industry is at a standstill, the Internet gets a red-light district, and the Zune bids adieu. Meanwhile, the week has been dominated by security flaw after security flaw, and Rebecca Black infects our Chris’ mind with the weekend. We also wonder why 13-year olds are driving cars, and Internet Explorer 9 is finally out – and Stewart hates it. Why? […]

AOL buys Huffington Post for $315m, creates new “Media Group”

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AOL will buy the left-leaning blog The Huffington Post in a deal worth $315 million and will see AOL’s media content to be merged with the blog to create a new media group within AOL, with founder Arianna Huffington full editorial control over AOL’s media properties. AOL’s media properties include popular tech websites Engadget and recent addition TechCrunch along with its news content. AOL’s buy is worth $315 million, with […]

TECHGEEK Weekly 30: Death by SMS

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Wow. We’ve reached 30 episodes – who knew from the beginning we would actually have reached this far. Anyway, we discuss the IPv4 running out of addresses, the new PSP2 by Sony and the Egypt Internet Blackout. We also find out that we are really good at debating points of view, so you may find this episode to be longer than what we usually have our podcasts Sorry if we […]

AOL looking to buy Yahoo, talking to private equity firms

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AOL is looking at a potential bid for rival Yahoo and is seeking assistance to fund the bid with several equity firms, according to the Wall Street Journal citing several people “familiar” with the talks. Among the equity partners, Blackstone Group and Silver Lake Partners have expressed interest. Both AOL and Yahoo have changed in the decade – turning from an ISP and search engine/directory to both content powerhouses – […]

AOL to sack up to 1,200 employees

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AOL has announced that it will be laying off 1,200 employees as it failed to meet its target of 2,300 – or a third of total employees in the company – in reducing its workforce, as many refused to accept buyouts. According to spokeswoman Tricia Primrose, only 1,100 volunteered to leave the company. The cuts affect both its US and European operations; and layoffs are set to start today, though […]

Time Warner to split AOL division apart, buy Google stake in company

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US media giant Time Warner, which also owns news channel CNN and Time Magazine, has announced today a move that has been widely seen for years, it will be spinning off AOL and will make it its own independent company, allowing both companies to focus on different things. “We believe that a separation will be the best outcome for both Time Warner and AOL. The separation will be another critical […]

AOL axes 10 percent of staff, “refocusing” on new structure

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Time Warner’s online arm AOL is set to cut 10 percent, or 700 workers, of its 7,000 employees around the world as its starts to see a fall in advertising revenue and “because of recent structural changes made to refocus the once-mighty service”, according to AllThingsD’s Kara Swisher. While the reduction will take place in several quarters, most of the cuts will be in the United States and are expected […]

AOL launches new SHOUTcast, ICQ iPhone apps; updates AIM app

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MACWORLD 2009 : AOL has announced today that there will be two new iPhone and iPod touch applications – one for its SHOUTcast radio directory and another one for its instant messaging service ICQ; along an update to its AIM instant messenger application. The new SHOUTcast Radio application will allow users to have access to “more than 26,000 professional and community programmed radio stations” from more than 30 genres – […]

AOL launches new site, no longer a clone of Yahoo

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After using a design which we said that it was copying Yahoo’s previous design; it has now launched a new beta design based on the designs that most of its sites (except blogs) use. The new design also includes several new features, including that they can log into their social networks to view updates, while allowing you to adding links to sites that you frequently visit – if you set […]

AOL budget cuts affect Propeller

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TechCrunch is reporting that the Digg-like site, Propeller, is holding a severe round of layoffs to reduce its workforce to its former size after relaunching the site a couple of weeks ago.   Most of the cuts, apparently, consists of its Scouts and Anchors – paid employees who monitor the site to pick the best stories and also ensure that the content is up to standards and is not, well, […]

Time Warner to split AOL in two

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Time Warner’s Chief Executive has confirmed that AOL will be split into two starting from next year, according to CNET Jeff Bewkes has said that AOL will spilt its dial-up internet access and its media units in a release announcing the company’s second-quarter earnings. The online service and media company saw revenues drop 16 percent to $1.1 billion in Q2 this year; however advertising were up to $8 million, […]

Shareholders back Yang, ex-AOL CEO can’t join Yahoo board

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Jerry Yang and the rest of the board have survived a Yahoo shareholder meeting, after all were at risk of losing their seats; until they made a settlement with Carl Icahn, who launched a proxy battle after the Microhoo deal was formally rejected by the company in May. While roughly 85 percent of the shareholders supported Jerry Yang, 79 percent supported Roy Bostock – both instrumental in the company’s rejection […]

Up to 80,000 UK AOL users face the boot off the network

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After Carphone Warehouse’s ongoing integration with its purchase of AOL’s broadband business in 2006, it has successfully migrated over 1.3 million of those customers onto its network, leaving 80,000 other customers on the original AOL network because of incompatible hardware or operating system. In its Q2 update, it also lost 12,000 AOL customers because of the migration; and losing 80,000 more could pile more pressure on its broadband operation – […]

AOL makes big cuts across blogs, except Tech

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NEWS IN BRIEF: AOL is making big budget cuts in its blogging properties, according to TechCrunch. The cuts range up, according to their sources, to 25% of each blog’s total budget – and the main cuts are from personnel costs. The bloggers are now told that they should take a couple of weeks off, and there may or may not have a job in AOL in August. However, the AOL […]

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