Posts Tagged ‘ Time Warner Inc|TWX|NYSE ’
The chief executive, Tim Armstrong, said AOL had become a “leaner and more nimble organization,” having cut costs sharply.
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Time Warner’s chief executive, Jeffrey L. Bewkes, said the results suggested that “industry trends are going our way.”
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On the 10th anniversary of the merger, the executives responsible reflect on why they did it and why it failed.
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Investors and media shrug as AOL begins its life anew as an independent company.
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The long, chaotic and star-crossed relationship between AOL and Time Warner finally ended in divorce.
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A new brand identity for AOL, when it is spun off from Time Warner, replaces the letters AOL with “Aol.” — complete with a period.
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AOL said on Thursday that about 2,500 jobs will be lost after it is spun off from Time Warner next month.
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Once heralded as the merger of the century, the union of Time Warner and AOL in 2001 quickly soured; the divorce will be final on Dec. 9.
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Earning per share topped analysts’ forecast, despite poor results at the media conglomerate’s AOL and Time Inc units.
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