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Thursday | December 14, 2017
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AOL Time Warner Formally Split

AOL Time Warner Formally Split

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At 9.30am ET today the Chairman and CEO of AOL, Tim Armstrong will join AOL employees at the New York Stock Exchange to ring The Opening Bell. This marks the company’s first day trading as an indepentant entity sice the merger with Time Warner in 2001.

The “new” company is worth around 10% of its previous market value at $2.5bn, a huge drop from the time when the merger was described as “deal of the century”.

AOL are expected to move towards advertising revenue as its major income stream however the surprising aspect of the new company is that they still have 5.4million Dial-Up subscribers who make up 43% of the company’s revenue.

 

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Stuart Davidson

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