Valleywag
earnings
Posts Tagged “
AOL
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earnings
online advertising
American Apparel buys half a billion online ads a month
Skanky-chic clothing retailer American Apparel reached nearly 48.9 million unique Web surfers with 489 million display ad vews in the month of April according to ComScore, with 24 percent of those impressions being garnered on MySpace, 19 percent on Facebook, and another 12 percent on AOL's banner-laden AIM software client. The ads have stirred controversy for the prurient use of Helvetica. How's it affecting the bottom line? More »
acquisitions
Yahoo holds lead over Microsoft in bidding for hot '90s dotcom startup AOL
When it releases its second-quarter numbers Wednesday, Time Warner will also announce it's ready to dump AOL's dialup business. A combination of modem banks, CD-ROM mailers, and ruthless telemarketers which introduced America to the information superhighway in the 1990s, AOL's ISP business still has more than 8 million subscribers who pay through the nose for a quaintly overpriced service. What will be left: A collection of websites and an online-advertising business that has yet to get advertisers to pay anything even vaguely overpriced. Time Warner has flirted with Yahoo and Microsoft for years, but hasn't yet sealed a deal to get rid of AOL, the business which, on paper, acquired Time Warner at the turn of the millennium. More »
yahoo
Time Warner screws ex-AOL CEO Jon Miller a second time
Right as former AOL CEO Jon Miller gets a glowing profile in the Los Angeles Times, his former boss strikes back at him in the most callow way possible, by blocking his appointment to the Yahoo board. Was it not enough for Time Warner CEO Jeff Bewkes to ignominiously sack Miller two years ago, replacing him with the hated and ineffective Randy Falco, who instantly sent AOL's recovering business into a tailspin? Of course not! The media boss is enforcing Miller's noncompete agreement, blocking him from even working at Yahoo as a director — after Yahoo CEO Jerry Yang, who championed Miller's cause, had already announced he would join the board. More »
spam
Convicted "spam king" escapes from prison, kills self and family
If you ever wished that a spammer would die, die, die, congratulations — you got your wish. But we hope that hearing the fate of Eddie Davidson doesn't make you feel smugly self-satisfied. Davidson of Benet, Colo., one of several convicted "spam kings," walked away from his minimum-security prison camp and shot himself, his wife, and his 3-year-old daughter, Department of Justice officials said Thursday. Davidson's spam scheme involved sending out massive volumes of emails with manipulated headers to pretend they were from legitimate companies pushing penny stocks. More »
cutbacks
AOL asks bloggers to stop blogging, cuts costly products
Perhaps readying itself for a sale to Microsoft or Yahoo, Time Warner company AOL began cutting costs yesterday. One memo, from Kevin Conroy, AOL’s EVP of Products and Marketing, told employees AOL will "sunset" products Bluestring, Xdrive and AOL Pictures. MyAOL will go into maintenance-only mode and investment in AIMWorld — we've never heard of it either — is done. In a second memo, AOL subsidiary Weblogs Inc asked its pay-per-post bloggers writing for Diylife.com, The Unofficial Apple Weblog, and DownloadSquad to stop filing until July 31. (Photo by AP/Sakuma)
hires
There's a bubble in the market for Jon Miller
Everyone wants a piece of beloved former AOL CEO Jon MIller, who was oh so unfairly fired, loyalists say, by Time Warner CEO Jeff Bewkes. First gossips suggested Miller as a fit to replace ineffectual Yahoo CEO Jerry Yang. Then, on Monday, Yang himself said Miller would fill one of Carl Icahn's new seats on the Yahoo board. Now, a source tells Kara Swisher that Miller is "one of the top outside candidates on the list" to head Microsoft's new Online Services division. Maybe everyone can stop moaning about the way Bewkes handled Miller's dismissal now?
yahoo raid
Yang paves the way for ex-AOL CEO Jon Miller to join Yahoo board
In an entirely punctuated memo posted to Yahoo's corporate blog and the SEC, Yahoo CEO Jerry Yang — or his ghostwriters — declared that yesterday's agreement to give corporate raider Carl Icahn three board seats and avert a proxy fight allows Yahoo "to get back to the business at hand." But while Yahoo will soon enough be able to focus on doing what it does best — losing market share to Google and talent to startups — Yang and the board still have one more task at hand: filling out its expanded board with Icahn-approved nominees. Bet that one of the names will be fired AOL chairman and CEO Jon Miller. Though not included on Icahn's original slate of alternative directors, Yang mentioned Miller by name in his memo as a potential new board member.
rumormonger
ValueClick to buy Revenue Science?
Behavioral targeting is all the rage in online advertising. The technology aims to show ads to Internet users based on the sites they visit and the actions they perform, rather than targeting words they search for, as Google does, or matching advertisers' desired demographics to a site's audience, as most banner-ad purchasers do today. ValueClick has introduced its own product, in competition with AOL's Tacoda and Yahoo's BlueLithium. But ValueClick's executives may not be particularly confident in the product — if rumors are true that they're talking to startup Revenue Science about an acquisition. Revenue Science has raised more than $70 million in venture capital, and recently appointed former ValueClick executive Jeff Hirsch as its CEO.
spam
Spam King sentenced to be Jail King for 30 months
Convicted "Spam king" Adam Vitale was sentenced to 30 months in prison Tuesday, for spamming more than 1.2 million AOL subscribers. Vitale had boasted of using 35,000 proxy computers to bypass AOL's spam filters with greater than 80 percent successful delivery to members. More »
mergers
AOL dealmakers meeting with Microsoft, taking calls from Yahoo
An AOL team of negotiators is in Seattle right now, trying to sell the business to Microsoft for a price somewhere between $10 billion and $15 billion. An AOL source told Silicon Alley Insider the probability that a deal gets done on this trip is "low/medium." Perhaps in an effort to speed the proceedings and ignite a bidding war, another source told Reuters that AOL-Yahoo merger negotiations — on since April — "have taken on new urgency." If such a bidding war goes down, bet that AOL goes to Microsoft, which has more cash than Yahoo. More importantly, CEO Steve Ballmer will refuse to get left at the altar by Yahoo CEO Jerry Yang again. More »
bad ideas
The bubble in personal-finance websites
AOL has launched Walletpop, a personal-finance site; IAC and Dow Jones have FiLife; and TheStreet.com has MainStreet.com. All hope to attract a younger audience to personal-finance news than the conventional stock talk and online portfolios offered by the staid likes of Yahoo Finance and CNNMoney. The bets are wrong both in their timing and their premise. Stockbrokers and mortgage lenders, reliable advertisers during good times, are both ducking for cover and pulling back their budgets. Froth might have sustained these sites a couple of years ago, but not now. No matter when they launched, though, their proponents should have remembered this maxim: Financial advice, like youth itself, is wasted on the young. More »
blogging for dollars
AOL wants to buy TechCrunch at a 70 percent discount to Arrington's nine-figure price tag
Time Warner's AOL and TechCrunch founder Michael Arrington have been talking for the past two months, with AOL offering Arrington $20 million to $30 million to acquire tech's most dutiful clearinghouse for startup PR. Kara Swisher says that TechCrunch wants more than $30 million; we've heard he's looking for more like $100 million. Arrington has perpetually shopped his site around; all this deal talk reminds us how, just the other weekend, we overhead him wishing he could just sell out and move to Hawaii. Which makes for a nice pipe dream, but a weak negotiating position. Another reason to be skeptical: This is not Arrington's first flirtation with Time Warner. More »
politics
Child-porn blockers' real purpose: getting politicans reelected
Joining Verizon, Time Warner Cable, and Sprint in press-releasing their concerns about child porn online, AOL and and AT&T announced today that they, too, will block their Internet service customers' access to Usenet newsgroups and websites suspected of hosting such illegal content. New York attorney general Andrew Cuomo engineered this arrangement, and California attorney general Jerry Brown and Governor Arnold Schwarzenegger (pictured here saving the children) are hot for a similar deal in-state. More »
apple
10 iPhone apps that will drive you into Steve Jobs's clutches
Apple's new, faster 3G iPhones go on sale in the U.S. tomorrow, but a new store where Apple will sell third-party iPhone applications opened for business today. (Something to do with when the iPhone 3G went on sale in New Zealand. Those international date lines are so confusing!) The apps mostly range from free to costing $10, and you buy them on iTunes like you would an album or a TV show. Here are ten that will crush your last remaining resistance to Apple CEO Steve Jobs's demands. More »
9:00 AM on Thu Jul 10 2008
By Nicholas Carlson
6,376 views,
15 comments
aol
Why can't Time Warner save Yahoo? The Google deal
The AOL-Yahoo deal Yahoo CEO Jerry Yang spent the Fourth of July weekend trying to cobble together won't happen. At least, not in time for Yang to present it on August 1 to Yahoo shareholders as an alternative to Carl Icahn's Microsoft-Yahoo promises. The deal would have combined Time Warner's online property AOL with Yahoo and given Time Warner 10 percent of the new company. But Yang's problem is once again the price he wants for Yahoo. Specifically, Yang believes Yahoo's recent search deal with Google boosts the company's revenues so much, it makes it worth more than Time Warner has so far said its willing to pay. Ah, the delicious irony, a Google deal that was supposed to keep Microsoft away ends up driving Yahoo right into its arms.
yahoo raid
Yang eyes AOL to save his job
Yahoo CEO Jerry Yang spent the holiday weekend with his company's Goldman Sachs advisers, devising a plan to present shareholders during the company's annual meeting on August 1. The goal: Craft an alternative to a company breakup or buyout at the hands of Microsoft, which would likely come at the cost of the entire Yahoo board's jobs, including Yang's. To escape such a fate, Yang and his bankers zeroed in on Time Warner, hoping to acquire its online property AOL in exchange for $10 billion worth of Yahoo stock. It's an old plan, brought up again last week after first surfacing in April. More »
Corporate Raid
