Feeds

AOL haunts Time Warner's Q2

Anyone want to buy a dial-up ISP?

Combat fraud and increase customer satisfaction

Ridiculously unwieldy web/telecoms/publishing/TV/music/film production giant Time Warner continues to be tormented by its dial-up Banquo, AOL. The group today posted total profits that were dragged down 26 per cent by declining sales.

Group profits were $792m for the second quarter, down from $1.07bn a year ago, but slightly beating market expectations. Total revenue rose five per cent to $11.56bn.

Execs confirmed widely-trailled plans to split AOL's mismatched ISP and web advertising units by early next year. It's hoped the move will make both a more palatable swallow for any acquirer, as Time Warner bids to offload the businesses.

AOL revenues fell 16 per cent to $1.1bn. Dial-up revenues continue to evaporate. Q2 2008 sent $200m less in subscriptions through the Time Warner till than during the same period a year earlier. Some 604,000 users closed down their accounts.

At two per cent, revenue growth at AOL's webby advertising business was meanwhile nowhere close to making up for the shortfall. Like every other player in the web ad network game, it has been suggested as a possible fit for Yahoo! instead of Microsoft.

Time Warner Cable, which is being spun out to give beleaguered Time Warner shareholders a payday, performed better than AOL. Revenues were up seven percent to $4.3bn from gains in broadband, digital phone and TV subscriptions. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.