9/24/2023 0 Comments Tim armstrong aol net worthNeedless to say, the last thing that either AOL or Yahoo needs right now is more merger challenges. It's yet more unnecessary Huffington-induced drama at the company, with few good options.ĪOL went through a management reorganisation earlier this summer and posted second quarter results in August that disappointed investors, even though it stopped its global advertising revenue slide. He is even reported to have offered to buy back the site. With its stock inflated by dot-com mania, AOL was worth 224 billion in today’s money back in 2000, just before it launched an audacious, expensive, and ill-fated bid to combine with Time Warner. This week, in another sign that all is not well with the Arianna Huffington-led AOL editorial division, TechCrunch founder Michael Arrington threw a strop saying that he wanted Huffington to keep her hands off of his site, even as he moved on to run a new AOL-backed venture capital fund. AOL's merger with Time Warner is considered one of the worst executed in history, and in many ways, it looks like AOL is trying to go for a perfect record in terms of failed mergers after its purchase of the Huffington Post earlier this year. Following the lead from another chief executive, AOL CEO Tim Armstrong is having a first 100 days coming out party, which has been covered extensively by Mediaweek,, AllThingsD. By comparison, both are left in the dust by Facebook, which passed Yahoo this year to take the top display ad market spot and is expected to dominate the market by 2012 with a 19.4% market share.ĪOL still struggling with Huffington Post dealĪ Yahoo-AOL tie up would be AOL and Time Warner all over again. Yahoo is estimated to still have three times that amount in 2012 with 12.5 percent. Moreover, up until the beginning of this year, Yahoo still held the top spot in the US display advertising market, while AOL is projected to drift gently downward in ad share, despite Armstrong's efforts to remake AOL into a digital content company.Į estimates that AOL will decline from having a 6.4 percent of the US display ad market in 2009 to only 3.9 percent of the market in 2012. While Armstrong might be keen to explore a combination, CNBC says that Yahoo is less so. It's a point that even Yahoo might understand. AOL's results might be getting less horrible, but the company is still losing money. AOL and Yahoo have already toyed with the idea of a merger, once three years ago and as recently as a year ago.īesides, despite the turmoil at Yahoo, it still has been turning a profit since the fourth quarter of 2008, which is a lot better than AOL can say.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |