AOL (AOL) stock rose a fraction in afternoon trading Friday, despite the Internet company reporting Q3 earnings late Thursday that missed Wall Street estimates by a penny. AOL stock fell as much as 4% Friday, but rebounded to a 0.5% gain to 42.44 intraday on the stock market today. The owner of media properties, including the Huffington Post and automated advertising purchasing platform Adap.tv, is pivoting away from its reliance on subscription
AOL (AOL) stock rose for a second straight day Thursday after analysts praised the Internet company’s Q2 earnings released early Wednesday, which were fueled by a 20% increase in ad revenue. The company also authorized a $150 million stock repurchase program. AOL rose 1.5% in the stock market today after rising 7.5% on Wednesday. AOL stock is up more than 30% since a disappointing Q1 earnings report in May sent shares tumbling 21%. AOL’s Q2
Time Warner is facing the 21st-century media corporation’s ultimate challenge: remaining relevant in a digital culture. This task is exacerbated for Time Warner (TWX), whose assets include cable TV news giant CNN, Warner Bros. films and the Home Box Office entertainment channel. That’s because it is so closely identified with the classic 20th-century media industry, despite its ill-fated and ill-timed merger with AOL (AOL), which it has since spun