Search Results for: armstrong aol

AOL’s promise to be a premiere content company is apparently being fulfilled by how willing they are to spend money for established content providers much more than creating that content itself.

The latest example of this desire to pick up major properties in the blog space (like the recent TechCrunch deal) is the purchase of The Huffington Post for $315 million (mostly in cash according to Kara Swisher of the WSJ’s BoomTown blog). What makes this purchase interesting aside from the marquee nature off HuffPo is the assignment of Arianna Huffington as the President and Editor in Chief of AOL’s newly formed The Huffington Post Media Group.

As a culture, we love to try to determine how successful someone will be in a huge job based on the first 100 days. We do it regularly with the President of the US and now there is the same examination occurring with Tim Armstrong, the recently minted CEO of AOL. Much like our struggling economy AOL needs some real help and Armstrong was brought in to get the once high-flying Internet giant back among the ranks of the heavyweights. So how’s it going thus far?

Aol is at it again. It is busy reorganizing and re-inventing itself while the world sits on the sidelines wondering where the whole thing is going to land. At least the dial-up business is going to be tucked away into another area of the company so we don’t have to watch that dry up and wither as well.

According to Bloomberg

AOL Inc. Chief Executive Officer Tim Armstrong plans to reorganize the company to combine its dial-up Internet access business with its Web services, including AOL Instant Messenger.

The new AOL services group would be one of four business units to be created under the new structure, Armstrong said yesterday in an interview. The details will be presented to employees on Dec. 14, before the plan takes effect in January. The other three divisions will consist of advertising, local services and the Huffington Post media group, he said.