TimeWarner Boots AOL – Go Crash And Burn Elsewhere April 30th, 2009
How sad it is to see the end of the First Great Boom, this time in the form of a general collapse of AOL. With its most recent earnings coming in (year over year), down a stunning 23%, it is headed out the door. What public company would want such a stupendously underperforming asset such as AOL? What company, such as Time Warner, with all of their own headaches, would keep a non-core asset failing so egregiously.
Now, it has become clear that AOL is on the way out of the Time Warner fold. TechCrunch has quotes to make you giggle. We here at the TG office were kicking this over, and we kept returning to the original terms of that AOL Time Warner deal. Go look it up. Now, how pathetic is this?
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