Topic / Time Warner

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 […]

New HBO competitor to go live on the web before making TV debut

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A CNET News/Wall Street Journal report is saying that a new premium movie channel, which will compete with HBO and Showtime in the US, will premiere as a on-demand movie streaming website months before making its launch on TV. The channel, called Epix, is owned by a consortium of MGM, Paramount Pictures and Lions Gate; and was announced on Tuesday at the NATPE conference in Las Vegas. The channel will […]

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, […]

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