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Time WarnerAOL to Cut One-Third of Staff; Voluntary Layoffs to Begin Dec. 4Authored by Mark Hefflinger on November 19, 2009 - 8:51am.
 New York
- Needing to drastically trim costs as it prepares to separate from parent
company Time Warner (NYSE: TWX), AOL said on Thursday that it plans to trim its workforce
by about one-third -- approximately 2,300 workers -- through a combination of
voluntary and involuntary layoffs. The company said that the goal of the
restructuring is to reduce its annual operating costs by $300 million.
Time Warner to Spin Off AOL Dec. 9 With $3.5 B ValuationAuthored by Mark Hefflinger on November 17, 2009 - 11:39am.
Dulles, Va. - Media giant Time Warner (NYSE: TWX) announced on
Monday that it plans to spinoff its AOL unit on Dec. 9. Shareholders of Time
Warner will be given one share of AOL stock for every 11 shares of Time Warner
they own. Time Warner said in a statement that the spinoff "will result in
the complete legal and structural separation of the two companies." After
the transaction, AOL will have a market value of about $3.5 billion, based on
current share prices.
Details Emerge About AOL's Massive Workforce ReductionsAuthored by Mark Hefflinger on November 20, 2009 - 9:50am.
New York
- A day after AOL announced plans to cut one-third of its workforce -- up to
2,500 employees -- details are beginning to emerge about specifics of the plan.
AOL Reportedly Cuts 100 Jobs as Prelude to Mass LayoffsAuthored by Mark Hefflinger on November 10, 2009 - 9:30am.
New York
- AOL was expected to cut about 100 jobs on Tuesday, in what several industry
blogs are calling just a prelude to mass layoffs expected to occur once the
company completes its spin out from parent Time Warner (NYSE: TWX) next month. The moves
reportedly are part of CEO Tim Armstrong's "Project Everest"
initiative, which aims to trim costs throughout the company.
AOL Names Susan Lyne to New Board of DirectorsAuthored by Mark Hefflinger on November 6, 2009 - 10:36am.
New York
- Nearly two weeks after unveiling its new board of directors, AOL on Friday
announced one new member. The company, which expects to complete its spin out
from parent Time Warner (NYSE: TWX) by the end of this year, named Susan Lyne, the CEO of
online luxury retailer Gilt Groupe, as the board's tenth member. Lyne also has
served as the president and CEO of Martha Stewart Living Omnimedia, and
previously served in various positions at Walt Disney Company, rising to
president of ABC Entertainment. Chaired by CEO Tim Armstrong, the board also
will include Michael Powell, Fredric Reynolds, James Wiatt, Richard Dalzell,
Karen Dykstra, William Hambrecht, Patricia Mitchell and James Stengel.
AOL Sees Revenue, Operating Income Plummet in Third QuarterAuthored by Mark Hefflinger on November 4, 2009 - 8:45am.
New York
- With its spinout from parent Time Warner (NYSE: TWX) likely less than two months away,
AOL continues to struggle financially, according to figures released on
Wednesday.
Report: AOL Aims for Mid-December Spin-Out from Time WarnerAuthored by Mark Hefflinger on October 30, 2009 - 7:06am.
Dulles, Va. - Following months of preparations, AOL
plans to complete its spin-off from parent Time Warner (NYSE: TWX) in mid-December, Silicon
Alley Insider reported. The blog cited three separate sources, including an AOL
insider involved in the planning, while qualifying that an exact date hasn't
yet been announced internally.
Preparing for Spin-Off, AOL Names New Board of DirectorsAuthored by Mark Hefflinger on October 26, 2009 - 10:17am.
New York
- Taking another step toward its separation from parent Time Warner (NYSE: TWX), AOL on
Monday named nine members to serve on its board of directors.
AOL Hires Former Google Exec to Build Ad PlatformAuthored by Mark Hefflinger on October 2, 2009 - 7:25am.
New York
- AOL said that it has hired former Google (NASD: GOOG) executive Shashi Seth
as its senior vice president of global advertising products, charged with
building the company's ad platform as it prepared to split with parent Time
Warner (NYSE: TWX).
Report: Time Inc. Looking to Create a Hulu for MagazinesAuthored by Mark Hefflinger on October 2, 2009 - 7:03am.
 New York
- Time Warner's (NYSE: TWX) Time Inc. is pitching a new Hulu-like joint venture for
magazines, that would be distributed on new digital platforms like the Amazon
Kindle and forthcoming tablet computers, All Things D reported. The joint
venture would reportedly operate independently from its publisher-investors,
and provide a single interface where consumers could manage their digital magazine
subscriptions from any device.
CNN Releases $1.99 Interactive News App for iPhoneAuthored by Mark Hefflinger on September 29, 2009 - 8:49am.
Atlanta
- Time Warner's (NYSE: TWX) CNN on Tuesday released a new interactive news application for
Apple's (NASD: AAPL) iPhone. The $1.99 application includes a live video stream, and "showcases
news of the day through text, video and photos. It also features live breaking
news video, push notification, localization and personalization tools,
user-generated content capture and upload functionality through iReport."
Life Magazine Adds 1,860 Issues to Google ArchivesAuthored by Mark Hefflinger on September 24, 2009 - 7:48am.
New York
- More than 1,860 issues of Life magazine have been added to Google's (NASD: GOOG) digital
archives as part of the company's massive book-scanning project.
Two Executives Let Go By AOL, Including Newly Named COOAuthored by Mark Hefflinger on September 16, 2009 - 9:27am.
New York
- Just two months after being named the company's new COO, Kim Partoll
reportedly has been let go by AOL, according to multiple media sources.
Broadcasters, Advertisers Team to Study Audience RatingsAuthored by Mark Hefflinger on September 10, 2009 - 9:06am.
 New York
- A consortium of 14 broadcasters, ad agencies and advertisers announced on
Thursday that they are joining forces to explore new ways to measure audiences
across traditional and new media. Founding members of the Council for
Innovative Media Measurement (CIMM) include Time Warner (NYSE: TWX); News Corp. (NYSE: NWS); Viacom (NYSE: VIA);
NBC Universal (NYSE: GE); Disney-ABC (NYSE: DIS); CBS (NYSE: CBS) Paramount; Discovery (NASD: DISCA); Starcom MediaVest;
Mediabrands; WPP (NASD: WPPGY); Omnicom (NYSE: OMC); Unilever (NYSE: UL); AT&T (NYSE: T); and Procter & Gamble (NYSE: PG).
tags: Video | Advertising | TV | Reports | Metrics | Disney | Viacom | Discovery | CBS | NBC Universal | News Corp. | Time Warner | Research | Council for Innovative Media Measurement |
AOL Taps Former Yahoo Exec to Lead Email and IM GroupAuthored by Mark Hefflinger on September 9, 2009 - 9:07am.
New York
- Looking to expand the reach of its email and instant messaging services, Time Warner's (NYSE: TWX) AOL
has hired former Yahoo (NASD: YHOO) executive Brad Garlinghouse as its president of Internet
and mobile communications.
Verizon to Trial TV Everywhere for FiOS TV SubscribersAuthored by Mark Hefflinger on August 27, 2009 - 10:25am.
New York
- Verizon (NYSE: VZ) announced on Thursday that it has launched a trial of a TV Everywhere
service for subscribes of its FiOS digital TV service, which would give them
free access to their pay-TV channels online. The trial will include content
from Time Warner's (NYSE: TWX) TNT and TBS; Verizon said the trial "will soon include
content from other providers." Using their Verizon Online login information,
FiOS TV customers will gain access to the online programming at the networks'
websites.
Time Warner Cable Plans TV Everywhere TrialsAuthored by Mark Hefflinger on August 27, 2009 - 8:22am.
New York
- Time Warner Cable (NYSE: TWC) announced on Thursday that it is working with numerous
networks on upcoming trials of TV Everywhere, a service that will let cable
subscribers access many of their pay-TV channels for free online.
As Spin-Off Nears, AOL Names Arthur Minson as New CFOAuthored by Mark Hefflinger on August 27, 2009 - 7:22am.
Dulles, Va. - Just weeks ahead of its planned
spinout from parent Time Warner (NYSE: TWX), AOL on Thursday named former Time Warner Cable
executive Arthur Minson as its new executive vice president and CFO.
Time Warner in Deal to Post Video Clips on YouTubeAuthored by Mark Hefflinger on August 19, 2009 - 12:21pm.
New York
- Time Warner (NYSE: TWX) announced on Wednesday that it has signed a deal with Google's (NASD: GOOG)
YouTube to place a variety of clips from its movies, TV shows and news
programming on the video site. Under the deal, Warner Bros. Entertainment and
TBS will be able to program videos on YouTube using a Time Warner embeddable
player, create separate channels for its key brands, and control and sell ads on
the clips -- splitting revenue with YouTube.
Record Number of U.S. Internet Users View Online Videos in JuneAuthored by Mark Hefflinger on August 17, 2009 - 10:38am.
Reston, Va.
- More people watched online videos in June than during any other month since
the birth of the Internet, according to new figures from Internet audience
measurement firm comScore.
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