AOL expects to spend $200 million in restructuring charges following its spin-off from Time Warner
Internet company AOL laid off about 100 full-time employees ahead of its spinoff from parent company Time Warner
Time Warner posted Q3 2009 results, posting $7.1 billion in revenue with a net income of $661 million.
After months of preparation, AOL plans to complete its spin-out from parent company Time Warner in the middle of December 2009
Comcast plans to show cable TV shows online by the end of the year to its paid subscribers, and Time Warner is currently looking into ways in which it can follow suit.
Indian broadcasting company NDTV is in talks with Time Warner to replace NBC Universal as an investor in its lifestyle business
Time Warner Inc. is no longer interested in making a bid for NBC Universal, which could Comcast's bid to buy a controlling stake in the parent of the NBC network and Universal Studios.
Shares of Time Warner jumped as much as 5.7% as investors expressed relief that the media giant likely won't be buying GE's NBC Universal unit.Comcast and GE are in talks over a potential deal in which GE would surrender majority control of NBC Universal in a newly formed private company.
Time Warner is expected to eventually sell its Time Inc magazine unit and could buy holdings in its core enteainment category.
AOL cut the job of two executives, including the COO, in an effort to streamline the company before Time Warner spins it off as a separate company.
TWX named Google executive Tim Armstrong as CEO of its AOL unit. This move is expected to attempt to reverse the poor performance of its struggling AOL segment in preparation for a possible spin-off. Armstrong led Google's Americas operations and is best known for developing Google's online advertising business.
TWX operated at a loss of $16.03 billion in Q4 2008 compared to a profit of $1.03 billion a year before. The results were mainly due to one-time costs of $16.85 billion because of noncash impairments to reduce the carrying value of goodwill and intangible assets.
TWX announced plans to cut 1,250 jobs or 3% of its workforce to reduce costs because of the economic downturn and increased competition.
AOL named former Yahoo exec Gregory Coleman as head of its online advertising unit, the third person to assume that role in 17 months. The move represents a strategic shift to an advertising-based company as compared to its former life as an Internet access provider.
TWX announced it would be cutting as much as 10% of its AOL units because of declining advertising spending as a result of the U.S. recession. Furthermore, its Warner Bros. film and television unit is eliminating 800 positions and its Time Inc. publishing division plans to eliminate 600 jobs.
Time Warner Cable is splitting from Time Warner Inc., but before it does it will be giving out a one time dividend at $10.27 per share. In order to fund this Time Warner Cable must borrow $10.9 billion, thats a lot of debt.
Time Warner is closing a deal that will allow HBO shows to be sold electronically on iTunes. The shows are expected to be sold at $1.99, but Time Warner and other companies are pushing for a variable pricing scheme.
TWX earnings dropped 36% in the first quarter. Plans of spinning off the cable division is also in the works. An agreement with shareholders is in the process of being ironed out in this move to simplify the huge conglomerate.
The AOL unit of Time Warner announced the purchase of Bebo, the third largest social network site at the time behind News Corp's MySpace and Facebook, which has a significant investment from Microsoft. The purchase price was $850 million. The deal signals AOL's continued move away from a subscription-based ISP service towards a network of public sites making money from online advertising.
In an effort to cut costs, Time Warner has been cutting jobs in the Magazine Division since late 2006. The latest round in the end of February resulted in the displacement of about 100 Magazine Division employees.
AOL advertising revenue growth lags rest of industry
Former Senior Vice President of AOL marketing, named president of Warner Bros.
Time Warner announced that AOL ad sales rose 40% in the last year.
Time Warner announced a 1% decrease in sales from their film division. Revenue dropped USD 36 million from the first quarter of 2006 to the first quarter of 2007.
Time Warner announced the sale of AOL France's Internet access, over 500,000 subscriptions.
