Feeds

AOL haunts Time Warner's Q2

Anyone want to buy a dial-up ISP?

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.