AOL and Time Warner have formally split after almost 10 years as one company. The companies merged back in 2001, in what was dubbed the “deal of the century” at the time. However, AOL soon started loosing market share as it was slow to react to the shift from dial-up to broadband internet access. In […]
AOL and Time Warner have formally split after almost 10 years as one company. The companies merged back in 2001, in what was dubbed the “deal of the century” at the time.
However, AOL soon started loosing market share as it was slow to react to the shift from dial-up to broadband internet access. In 2002, AOL had 26 million dial-up customers, now it has 5.4 million. However, it still earns 43% of its revenue from these die-hard subscribers and runs several successful media sites including tech blog Engadget. On Thursday, investors will get their chance to rate AOL’s prospects when the shares start live trading. The occasion will be marked by AOL’s chief executive, Tim Armstrong, who will ring the opening bell at the New York Stock Exchange.
11/12/2009
