AOL’s Messy Transition

AOL reported another lousy quarter this morning. Even ignoring the $1.4 billion goodwill charge, revenues were down 26 percent and cash from continuing operations was down 44 percent (as was free cash flow). What we are seeing is a very messy transition as AOL shifts multiple lanes from an online subscription business to an advertising one, and at the same time to a new online content production model.

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AOL’s Messy Transition

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