[Alsfastball] aol.com subscribers take note
Al Doran
aldoran at pmihrm.com
Tue Jul 6 18:04:44 EDT 2004
America Online Gets Clicking
http://www.businessweek.com/
Yes, subscriber rolls are down
Last year, the revival that lifted the rest of the online industry left
America Online in the dust. Even as a rebound in ads sent 2003 profits at
rival Yahoo! (YHOO ) spiking 123%, AOL's subscribers jumped ship in droves
for low-cost dial-up competitors or broadband providers. Ad revenue sank
40%, to $787 million, and federal investigators continued to probe AOL's
past ad deals for accounting irregularities. As operating earnings before
depreciation and amortization fell 2%, to $1.5 billion, Wall Street started
betting that Time Warner (TWX ) would ditch AOL the first chance it got.
AOL remains a long way from a sustained revival.
END
They forgot to mention: AOL SUCKS!
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