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AOL to Lay Off a Third of Staff
 AOL to Lay Off a Third of Staff 
Nov 19, 2009 8:13 AM CST

AOL to Lay Off a Third of Staff

Roughly 2300 will get the boot after spin-off

(Newser) - AOL says it plans to cut about a third of its work force once it is spun off from Time Warner. That would amount to nearly 2,300 of the roughly 6,900 workers at the struggling company. AOL said in a securities filing today it will impose the cuts...

Time Warner Enlists Networks for Internet TV Test

'TV Everywhere' to include CBS, HBO, and more

(Newser) - Time Warner has signed up at least a dozen networks for a new Internet TV service, and plans to test the service in select markets soon, the Charlotte Business Journal reports. Onboard are CBS, HBO, Syfy, AMC, and Time Warner’s own TNT and TBS, among others. Time Warner is...

TV Companies Team Up to Take On Nielsen

(Newser) - A  group of media companies has joined forces with major advertisers to challenge Nielsen's dominance in TV ratings measurement, the Financial Times reports. The firms involved—including NBC, Time Warner, Disney, and Procter & Gamble—aim to have their rival audience measurement scheme up and running by next month,...

TMZ Scoops World on Jackson Death

(Newser) - TMZ left its more savory rivals in the dust yesterday, reporting Michael Jackson’s cardiac arrest and death before any other media outlet, the Chicago Tribune reports. The AOL gossip website reported Jackson’s death at 2:44 local time, less than 20 minutes after the singer expired. But many...

Time Warner Set to Spin Off AOL by Year's End

Division to go public by year's end

(Newser) - Time Warner plans to to shed its AOL division by the end of the year, the company said today, spinning it off into a publicly traded firm, the Wall Street Journal reports. Many predicted the move when Time Warner tapped Google ad exec Tim Armstrong as AOL’s CEO, and...

Amazon to Roll Out Kindle for Textbooks

(Newser) - Amazon will unveil a bigger new version of the Kindle tomorrow, designed to handle textbooks and periodicals, the Wall Street Journal reports. Amazon already has deals in place with several textbook publishers for content, and with various universities, including Princeton, Reed College, and Arizona State, to get the device into...

AOL Names Former Google Exec as CEO
AOL Names Former
Google Exec as CEO
Mar 12, 2009 6:27 PM CDT

AOL Names Former Google Exec as CEO

(Newser) - AOL is getting a new CEO. Tim Armstrong, a senior vice president at Google, will replace Randy Falco, who took the job in late 2006. Falco is leaving along with president and COO Ron Grant. The shakeup could mean that a Time Warner spin-off of AOL is more likely. Time...

Warner Bros. Watches Watchmen to Gauge Health
Warner Bros. Watches Watchmen to Gauge Health
ANALYSIS
Mar 6, 2009 4:10 PM CST

Warner Bros. Watches Watchmen to Gauge Health

(Newser) - Warner Brothers restructured last year to focus on producing blockbusters like The Dark Knight, and now the studio is waiting to see if the move pays off with Watchmen, the Financial Times reports. Warner can finance a slew of films with profits from one “tent pole” movie. “The...

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

(Newser) - Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL and its magazines, rising revenue...

Time Warner, Viacom Reach Zero-Hour Deal

Cable provider keeps grip on Nickelodeon, Comedy Central, MTV

(Newser) - The countdown to the New Year was a frantic one for Viacom and Time Warner. The companies had set a midnight deadline in their tense negotiations to keep Viacom’s networks—which include MTV, Comedy Central, and Nickelodeon—on the massive cable provider. As the ball dropped, Viacom granted a...

Sobbing SpongeBob Joins Viacom Fee Dispute

Ads aimed at winning support in Time Warner feud feature a sobbing Spongebob

(Newser) - Viacom is enlisting some of its best-known kid cartoon characters in a contract renewal battle with Time Warner, the Wall Street Journal reports. Viacom wants higher fees from the cable carrier for its channels, which could disappear from Time Warner's service at midnight tonight if no new deal is reached....

Ex-AOL Chief Seeks Funds to Buy Yahoo

$30B difficult to raise amid recession

(Newser) - After months of advising both Microsoft and Yahoo on a failed deal, former AOL chief Jonathan Miller is trying to put together a bid for Yahoo himself. The venture capitalist is asking private investors to help him amass the $30 billion needed to acquire the struggling, $10-a-share search engine group,...

AT&T to Cap Bandwidth of Some Users

Firm tests usage limits in Reno

(Newser) - AT&T is capping users’ Internet bandwidth in Reno as an experiment, suggesting that the practice of limiting usage may soon become widespread, Wired reports. Depending on the service plan, new broadband customers will be held to 20 to 150 gigabytes of usage monthly. Current customers will soon face limits...

Yahoo Board OKs New Round of AOL Talks

Time Warner anxious to decide on service's future

(Newser) - A Yahoo board of directors now stocked with allies of activist investor Carl Icahn cleared the way yesterday for reigniting talks on combining with AOL, the Financial Times reports. Time Warner’s chief is eager to decide AOL’s future “fairly soon,” but is hoping Microsoft will join...

Who Is Vivi? Media World's Mystery Man

Influential investor keeps a low profile but wields much clout

(Newser) - He has major stakes in Time Warner and Goldman Sachs, he hangs out with Lenny Kravitz and the boss of Morgan Stanley, and he's engaged to the impossibly beautiful Chinese actress Zhang Ziyi. But Vivi Nevo is an unknown quantity: the mogul came from nowhere and, through a series of...

Microsoft Meets With AOL to Explore Possible Deal

Software giant is seeking an alternative to Yahoo

(Newser) - Microsoft will sit down today with executives from Time Warner's AOL to explore a joint venture between the two companies, reports the Wall Street Journal. The software giant is looking for alternatives to its failed Yahoo buyout. Microsoft and Time Warner have been considering a deal for months, though no...

Weather Channel Sells for $3.5B

NBC, Blackstone, and Bain score cable stalwart for far under expected $5B

(Newser) - NBC is heading an investor group that will buy the Weather Channel for nearly $3.5 billion—well below the $5 billion Landmark Communications was expecting when it put the iconic cable channel up for sale in January. The group, which includes private equity firms Bain Capital and the Blackstone...

Yahoo Looks to Time Warner, News Corp.

With Microsoft again sniffing around, net giant explores options

(Newser) - Yahoo—back in the sights of Microsoft—is trying to keep its fate in its own hands, launching talks with potential partners, the Wall Street Journal reports. The Internet company reopened talks with Time Warner about a deal that would make AOL part of Yahoo and give Time Warner a...

Top ISPs Agree to Block Child Porn Sites

New York's AG Cuomo strong-arms Time Warner, Verizon, Sprint

(Newser) - Three top Internet providers have agreed to block known child pornography hot spots, thanks to some strong-arm tactics from New York AG Andrew Cuomo, the New York Times reports. After an 8-month investigation, Cuomo threatened to come down on Time Warner, Verizon, and Sprint for fraud and deceptive business practices....

SEC Charges Ex-AOL Execs With Fraud
SEC Charges Ex-AOL Execs With Fraud
May 20, 2008 9:42 AM CDT

SEC Charges Ex-AOL Execs With Fraud

Alleges they inflated revenue during merger with Time Warner

(Newser) - The Securities & Exchange Commission has filed civil fraud charges against eight former AOL executives for allegedly inflating AOL's advertising revenues before its merger with Time Warner, the Wall Street Journal reports. The men are accused of giving firms money to buy ads on AOL that they didn't want or...

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