According to The Wall Street Journal, Time Warner Inc. Has expressed that it may get rid or all- or part of their AOL subsidiary. This is reportedly a strategic move to offset a lost in the communication giant's profits. AOL, and Time Warner's magazine holdings, had a drop in profits. However, Time Warner's film and cable tv businesses are said to be strong money earners for the conglomerate.
The Wall Street Journal reports that "AOL's first quarter advertising revenue fell 20%," and Time Warner overall had a "14% drop in first quarter profits."
No comments:
Post a Comment