AOL parent company Time Warner released its quarterly earnings this morning and the news is not pretty.
Revenue came in at $804 million, a decrease of 24% over Q2 2008, which brought in $1.06 billion. The decline was almost evenly split among online advertising ($111 million, a 21% decrease) and internet access subscriptions ($135 million, a 27% decrease).
Time Warner has spent $20 million so far in the process of prepping AOL to become a separate, independent company. Earlier this week, Time Warner bought back Google's 5% stake in AOL for $283 million, a big dip from Google's original $1 billion investment back in 2005.
Marketers Rejoice! ClickZ has launched ClickZ Live, an educational series to bring you innovative online marketing strategies and techniques. Learn to construct and successfully execute multi-channel marketing campaigns, plus identify key metrics and translate them into actionable plans.
Thursday, July 18: ClickZ Live will be in Vancouver, BC. Register before July 1 to save $100!