New York - Trying to turn around an online advertising business hit hard by the global recession, AOL (NYSE: TWX) said on Tuesday that it has hired former Yahoo (NASD: YHOO) executive Greg Coleman to replace Lynda Clarizio as the president of Platform-A.

New York - Time Warner's (NYSE: TWX) AOL is laying off around 100 employees from its new Platform-A advertising unit, which was created through the blending of several acquisitions, including Adverstising.com, Tacoda, Quigo, Third Screen Media, Lightningcast and Adtech, Silicon Alley Insider reports.

Reston, Va. - Platform-A, the online ad unit of AOL (NYSE: TWX) formed last fall through the combination of acquired firms such as Advertising.com, Quigo and Tacoda, ranked as the No. 1 ad network in March, according to a new report from market research firm comScore.

New York - AOL (NYSE: TWX) on Monday announced the largest win in the brief history of Platform-A, which has been tapped to manage all of the online ad and most of the mobile ad inventory of telecommunications giant Verizon (NYSE: VZ). The deal comes as AOL reportedly is continuing discussions about a possible combination with Yahoo (NASD: YHOO), which is trying to fend off a takeover by Microsoft (NASD: MSFT).

Dulles, Va. - AOL (NYSE: TWX) has named Lynda Clarizio, who four years ago helped lead the company's $435 million acquisition of Advertising.com, as the new president of its Platform-A advertising arm. Clarizio has been serving as the president of Advertising.com, a key component of New York-based Platform-A. Now, she replaces Curt Viebranz, the former CEO of Tacoda, who became Platform-A's first president when the organization was announced last fall. AOL created Platform-A late last year by combining its various digital advertising companies, including Advertising.com, Tacoda, Third Screen Media, Lightningcast and AdTech.

Dulles, Va. - Building on the recent launch of its Platform-A online advertising unit, AOL (NYSE: TW) said on Wednesday that it will acquire New York-based Quigo, a provider of targeted ad services.