Joined: Oct 2000
Goodbye, AOL Tuesday
Grown out of an office suite in Tysons Corner, Virginia, AOL is now one of the world's major media companies. The acquisition of Time Warner was designed not only for diversification and growth, but to develop synergies - as much as anyone hates that particular term, there is a real synergestic effect when properly done.
Today, AOL laid off 1,200 of its 16,000 Internet employees. That's their third round of layoffs in less than a year. The market didn't really react to the news since it had been previously announced. In fact, AOL is almost at its 52 week low and at about half of its 52 week high.
The Warner Brothers stores are gone. AOL Internet usage continues growing, albeit with a slower trajectory, and the company is now pushing media offerings cross-platform.
Sounds to me like everything is a part of the master plan, but so far, finance folks seem unimpressed. One wonders if there is still lingering doubt that Case, Levin and Co. can make this huge merger work. Most mergers don't succeed in the long run.
Anyone think they're doing a particularly good or bad job?
Suport Senator Clinton's candidacy by contributing here. Every little bit helps. If you don't want to give, at least sign up to learn more via email. Lots of grass-roots stuff already going on.
Your old music cannot sustain you through a life, not if you're someone who listens to music every day, at every opportunity. You need input, because pop music is about freshness, about Nelly Furtado and the maddeningly memorable fourth track on a first album by a band you saw on a late-night TV show. And no, that fourth track is not as good as anything on Pet Sounds or Blonde on Blonde or What's Going On, but when was the last time you played Pet Sounds? - Songbook by Nick Hornby
|08-21-2001 07:26 PM