It’s always nice to plop down to a big bowl of hot dog food and read about how the company you work for (ostensibly and/or on paper) squandered one of the most recognizable brands in PC history. As you’ll recall, the turn of the century was a time of great confusion. iTunes hadn’t yet rolled over the media space and these new M-P-3 files* were quite popular yet no one knew how to play them. Enter… → Read More
AOL fended off activist shareholder Starboard Value today, as all of the company’s existing directors were re-elected to the board. All eight of them — Tim Armstrong, Richard Dalzell, Karen Dykstra, Alberto Ibargüen, Susan Lyne, Patricia Mitchell, Fredric Reynolds and James Stengel — are staying according to a preliminary vote count, while the three candidates Starboard suggested were not… → Read More
Aol’s chairman and CEO Tim Armstrong was in the house last week at TechCrunch’s Disrupt NYC conference, and while he got a good grilling on stage by my colleague Josh Constine, we still took advantage of the chance to pull him aside for a follow-up chat backstage for TechCrunch TV to ask a few more questions. → Read More
AOL reported first quarter earnings this morning, which saw it posting higher revenues than expected by analysts, with $529.4 million in revenue during the quarter, beating the $527 million consensus. However, this represented a 4% drop from a year earlier. Meanwhile, net income rose fourfold from the same quarter last year, with net income at $21.1 million (22 cents per share), up from $4.7… → Read More
I know we’ve been taking the piss out of Aol* all day, but someone in Aol PR must be drunk, because this bizarre “BREAKING: Board Has Presided over Improvement of AOL’s Operating Results and Financial Strength and Unlocked over $1.7 Billion in Value in Two Years” press release happened.
We figure that this must be some sort of Zodiac Killer-like word puzzle, where if you take out every three… → Read More
AOL has had a few knocks from shareholders over whether it’s on the right track with its content strategy — a mix of high-volume, ad-based websites that cover lifestyle, tech, travel, news and more — but CEO Tim Armstrong has stayed the course, and today the company is launching a video portal that it hopes will prove that the value of those holdings extends beyond even what you see on the sites… → Read More
This just in: one chapter of AOL’s patent journey is coming to an end. The company is selling 800 patents to Microsoft for just north of $1 billion: $1.056 billion in cash to be exact.
Tim Armstrong, the CEO of AOL (which owns TechCrunch), says that the company will continue to hold on to about 300 patents and patent applications after the sale. These span “core and strategic technologies”… → Read More
You know every once in a while you come across news about your company and it turns out your boss is no longer your boss anymore. If you’re me this probably happens to you every three months.
Anyways this morning I read in the media that Arianna Huffington (who I think used to be my boss) gained more control within Aol and then subsequently read that actually she had been “demoted.” Okay truth… → Read More
For those who may have thought that last week’s patent lawsuit filed by Yahoo against Facebook was a one-off, here are some developments that indicate that we may be seeing more of this to come:
Facebook has now been sued by Mitel, an Ottawa, Canada-based enterprise IT company; and there is emerging evidence of others, including AOL, filing fresh patent applications to cover ever more aspects… → Read More
It may have taken longer than even its own creators might have guessed, but it’s finally come to pass: Brizzly, the Twitter/Facebook client that was bought by AOL as part of Thing Labs in September 2010, is shutting up shop at the end of March, with the news announced last night on Brizzly’s blog by Grant Shellen, and co-signed by Zachary Taylor and Jason Shellen, Brizzly’s and Thing Labs’… → Read More
Silicon Valley absolutely, positively doesn’t need a nap room because in theory we don’t sleep, let alone nap (and if we do need to nap — like in an emergency — we take that shiz home, far far away from hungry competitors!).
Please Aol Mr. Sr. Facilities Manager, take that money and buy us a bunch of Diet Coke to drink late at night or that great beef jerky we used to have or a copyediting… → Read More
AOL reported better than expected fourth quarter earnings this morning. The company, which owns TechCrunch, reported revenue of $576.8 million, which is down 3 percent from Q4 2010 revenue of $596 million. Earnings came in at $0.23 per share, or $22.8 million, which is down 66 percent from $66.2 million a year ago. Analysts expected $0.16 per share.
AOL says total revenue decline was its… → Read More
Now this is just hilarious. Apparently this Arizona woman has been paying for “email” for almost a decade — even though it’s been available free for a while and free for Aol users since 2006. According to a year-old “New Yorker” article by Ken Auletta, over 75% of the dial-up portion of Aol’s 3.5 million subscribers are like Traci Casale. So why are these idiots people still paying for email? → Read More
In case you haven’t noticed ;), it’s an especially slooooooooooooooooooooooooooooooooooooooooooooooooooooooow time for the tech industry. So slow that some Aol employees — the only one I recognize is Sol Lipman — made a video about the recent Aol talent exodus, using ZOMBIES as a metaphor for all the people who’ve decided to leave Aol. → Read More
Ex-Googler and previously head of AOL Media and Studios – and I guess you could say the former boss of my boss’s boss – David Eun has been appointed Executive Vice President at consumer electronics giant Samsung.
At Samsung, Eun will be helping the company develop a ‘global media strategy’ for its array of digital TVs, smartphones, tablets and other connected devices. → Read More
There have been a number of rumors circulating around Yahoo, Microsoft, and Aol of late, most of them focusing on a potential Aol/Yahoo merger, or Yahoo’s acquisition by Aol or Microsoft, etc. Well, it seems the companies have officially become linked, but they’ve run into each other’s arms not by way of M&A, but by way of display ads. Yes, the three internet behemoths today announced… → Read More
AOL reported third-quarter earnings this morning. Revenue was down 6 percent to $531.7 million. The company swung to a loss in terms of net income, losing $2.6 million, or $0.02 per share. Analysts expected a loss of loss of 7 cents per share. Disclosure: AOL is the parent company of TechCrunch.
But AOL was able to grow global advertising by 8%, driven by 28% and 15% growth in third party… → Read More
Traditional publishers and fledgling digital publications alike are trying to find the best ways to monetize their content on the Web and take advantage of the benefits offered by hyperlocal content and the targeted advertising that (should) come with it. PaperG, an advertising technology startup founded in 2007, is trying to become that go-to solution for small and established online publishers… → Read More
TechCrunch TV is now really TechCrunch TV. When TCTV launched last year, the focus was on viewing our videos on the computer. Not on TV. Ok, we called it “TechCrunch TV” because it sounded a lot better than “TechCrunch Video”. But today, we are launching on the AOL HD platform and you can find us on your connected TV set.
Our videos are live on Roku, Boxee, Divx and Yahoo Connected TV… → Read More
Salim Ismail has one of the liveliest minds and most eclectic resumes in the Valley. The founding Executive Director of Singularity University and the founder of a number of interesting start-ups including Angstro and PubSub Concepts, he was also a VP at Yahoo! where he launched and ran Brickhouse, their internal incubator.
So, borrowing a familiar work from ex Yahoo CEO Carol Bartz, I asked… → Read More
The Huffington Post Media Group (which also owns TechCrunch) has teamed up with newspaper, magazine and website publisher Le Monde and Les Nouvelles Editions Indépendantes (LNEI) to launch ‘Le Huffington Post’, a French edition of the news and opinion portal. The new joint venture is currently recruiting editors to prepare for a launch before the end of 2011.
Each of the three aforementioned… → Read More
Yahoo and ABC just wrapped up a press conference at ABC’s Times Square studio to announce a major partnership between the two companies: they’re launching a new ‘News and Information Alliance’ that will see ABC News get a much more prominent presence throughout Yahoo. ABC News will also be launching several ‘web-first’ video series’ that will be appearing on Yahoo.
In short, Yahoo is… → Read More
The Huffington Post Media Group (HPMG), which I should point out is owned by our parent company AOL, is to announce an acquisition today, along with some key stats, hires and new site launches. Kara Swisher obtained and published the press release.
HMPG has acquired Localocracy, an “online town common” where registered voters weigh in on local issues and come together to solve problems in their… → Read More
At the risk of not only beating a dead horse, but cremating it with self-reflective posts, this video is too good not to post. Jonathan Mann, our favorite singer/songwriter is back with a song about what else: the end of TechCrunch.
As we begin this new era, it’s a fitting tribute to the old one. TechCrunch is dead, long live TechCrunch. → Read More
This is a post I never thought I’d have to write. Unfortunately, I do. And the worst part about it is that it should be Michael Arrington writing this post, not me.
But he can’t.
TechCrunch is on the precipice. As soon as tomorrow, Mike may be thrown out of the company he founded. Or he may not. No one knows. And if he is, he will be replaced by — well, again, no one knows. No one knows… → Read More
Our parent company AOL is having a rough time making money from Patch, its rapidly expanding network of local news sites, and that’s not its only problem. Today, group buying website BuyWithMe announced that it has recruited Charlie Gray, formerly Executive Vice President at Patch, as its new ‘Chief People Officer’.
BuyWithMe, which rivals the likes of Groupon and LivingSocial in the United… → Read More
AOL (which, in case you didn’t know, has been the owner of TechCrunch for almost a year now) has announced that its board of directors has given the green light for a stock repurchase program that will allow the company to buy back up to $250 million of its outstanding shares of common stock from time to time over the next 12 months.
The move comes after AOL’s stock took a gigantic nosedive… → Read More
Internet access, content and online advertising company AOL (which also owns TechCrunch) this morning reported its earnings for the second quarter of the year.
AOL reported a net loss of $11.8 million, compared with a year-ago loss of a little over $1 billion, which had included a major goodwill impairment charge and higher restructuring costs.
Total revenue came in at $542.2 million, down… → Read More
I’ve said this before, but working at AOL is my first experience working at a “big” company. I’ve watched, mostly with amusement, as a Dilbert cartoon has come to life around me. Some of the policies and bureaucracy are useful (I’ll think of some examples, just give me a second).
Some are hilarious (forced drinking events). Some are really annoying. For example, every couple of weeks I get an… → Read More
The dream of a personalized magazine tuned just for you keeps showing itself on the iPad. Today’s edition comes from AOL Editions, which is finally coming out after much fine-tuning and a silly video. (Disclosure: TechCrunch is also owned by AOL). Editions assembles a digital magazine for you once a day from a variety of online news sources and blogs—The Atlantic, Businessweek, CNNMoney, Forbes… → Read More
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