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27 June 2017 02:16 (South Africa)

AOL and TimeWarner call it a day

Finally AOL is to separate from TimeWarner after nine years of what was a fraught relationship from the outset. When AOL and TimeWarner first hooked up, many thought the deal would strip AOL of its Internet focus, and they were right. Now shareholders want better to understand the value locked up in AOL, so former Google employee and current AOL chief executive, Tim Armstrong, is trying to take the company beyond the perception that it’s a technology has-been selling email services and general Web access. Instead, he wants it to be seen as a leader in digital media, with blue-chip companies wanting to buy lots of advertisements to reach its 100 million unique monthly viewers. Read more: Business Week, The Washington Post

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