Feeds

'Exploratory' talks on AOL future, says TW

Not just 'rumour and speculation'

Boost IT visibility and business value

Time Warner has confirmed that it is holding "exploratory" talks with a number of operators over the future of its AOL internet division.

Speaking yesterday Time Warner chief exec Dick Parsons admitted that the internet giant was "holding exploratory discussions with a number of strategic partners" concerning a "range of potential strategic relationships and transactions".

Which merely confirms the buzz of the last couple of months that has linked, in no particular order by the way, Yahoo!, Microsoft, Google and cableco Comcast with AOL.

Parsons' admission comes as Time Warner published its Q3 results for the three months to September and showed yet more disappointing news for AOL. Revenues were down $100m (5 per cent) to $2bn as the ISP continued to see subscription revenue fall.

The reason appears straightforward enough - punters are still leaving the ISP in their droves.

In the three months to September 678,000 US net users jumped ship taking the total number of punters to 20.1m - down 2.6m compared to this time last year.

While in Europe, AOL lost almost 100,000 punters over the summer - down 170,000 on the year - taking total numbers in the UK, France and Germany to 6.1m.

Despite the fall in revenues operating income rose $41m , or 16 per cent, to $302m.

Two weeks ago AOL announced that 700 jobs would be culled reflecting the fall in subscriber numbers. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.