AOL in the news

Goes to show that as busy as I am, I am not so busy as to be unable to scoop McCoy on news about our mutual employer (in my case, former).

AOL Goes From Dog to Diamond (Businessweek)

"Instead, Parsons is counting on a revival at AOL, newly reborn as a portal, to get investors excited about Time Warner's stock again. Not only is AOL benefiting from a surge in online advertising but Time Warner has held talks -- now on hold -- with former arch-foe Microsoft about linking up with the msn Internet service, the No.2 portal. Combine the interest from Microsoft and AOL's ascendancy as an advertising play, and the Internet unit suddenly looks a whole lot more valuable."

Time Warner Head Says AOL Is the Company's Future (New York Times)

"Mr. Parsons said the company might increase investment in AOL and, at a minimum, would start reporting numbers for the AOL business that show the performance of its advertising-based business and its Internet access business. In the second quarter, ended June 30, AOL provided $2.1 billion of the company's $10.74 billion in revenue, and $550 million of $2.47 billion of earnings before interest, tax, depreciation and amortization."