Latest Tim Armstrong Stories
NEW YORK, April 5, 2013 /PRNewswire-USNewswire/ -- The Paley Center for Media will honor AOL CEO Tim Armstrong and MAKERS at its annual spring benefit dinner in New York, which will take place on Wednesday, May 15, at 6:30 pm. Armstrong and MAKERS will be awarded the Paley Prize for Innovation and Excellence in recognition of their landmark achievements in media and their impact around the globe. Representing MAKERS: technology journalist Kara Swisher, broadcast journalist and media...
More than 33 million participated in the 9/11 Day Observance in 2011 Organizers urge all Americans to support military veterans; provide new employment opportunities that leverage their "extensive skills and experience." NEW YORK, Sept. 11 , 2012 /PRNewswire-USNewswire/ -- MyGoodDeed, the nonprofit that annually organizes the September 11 National Day of Service and Remembrance ("9/11 Day Observance"), and Action America, an open-source brand created to unite and activate Americans...
Reuters reported on Thursday that AOL Inc. CEO Tim Armstrong is talking about selling the company to Yahoo Inc. According to Reuters, Armstrong is trying to get shareholder support for the deal, which could help the company save between $1 billion to $1.5 billion in expenses from data centers and news sites. The report said the shareholders liked the idea of a merger with Yahoo, but they are unsure if Armstrong will be able to pull it off. "He's in the sixth inning," Reuters source,...
July 15 discussion comes amid major changes at AOL and in online media WASHINGTON, June 27, 2011 /PRNewswire-USNewswire/ -- Less than six months since the biggest merger in online news history, AOL Chief Executive Tim Armstrong and Huffington Post founder Arianna Huffington appear together to discuss the deal, its aftermath and the future of journalism at a National Press Club luncheon on July 15. (Logo: http://photos.prnewswire.com/prnh/20080917/NPCLOGO ) Since its $315 million purchase of...
AOL's first-quarter earnings and online ad revenue fell sharply, but the struggling Internet provider tried to reassure its investors by pointing out an increase in display ad revenue that grew for the first time in more than three years. AOL's CEO, Tim Armstrong, said the quarter marked a milestone for AOL, but made it clear that the company also has a long road ahead. AOL acquired The Huffington Post news and opinion site in March for $315 million, and net profit fell 86 percent in the...
AOL Inc. reported a 26 percent decrease in its quarterly revenue because of steep declines in search and display advertising. Chief Executive Tim Armstrong said Wednesday that he expects growth could return next year though. "I would hope AOL is growing at industry advertising rates at the second half of 2011," he said on a conference call with analysts.Armstrong has been trying to turn around the company into a media and entertainment powerhouse. AOL's third-quarter profit rose...
AOL Inc. said on Tuesday that it had agreed to acquire TechCrunch, a popular Silicon Valley technology blog, as the company works to remake itself as a content powerhouse.Although financial terms of the transaction were not disclosed, Reuters cited a source familiar with the matter as saying the deal was worth about $30 million.AOL said TechCrunch would remain in San Francisco with editorial independence as a wholly owned AOL unit, and that the blog's associated properties and conferences...
Google and AOL reached an agreement on Thursday that will have Google power Internet searches across AOL properties while AOL video appears on YouTube. AOL and Google said the five-year deal includes a revenue-sharing arrangement. Microsoft was also trying to reach a search agreement with AOL, but the company eventually decided to continue its long-term partnership with Google. "Today is another important step in the turnaround of AOL," AOL chairman and chief executive Tim...
NEW YORK, Aug. 5 /PRNewswire/ -- The Advertising Council announced today that Tim Armstrong, Chairman and Chief Executive Officer, AOL, has been elected as Chairman of the Board of Directors of The Advertising Council. Mr. Armstrong has been a member of the Ad Council Board of Directors since 2008, most recently serving as its Vice Chairman. As Chairman, he succeeds Brian Perkins, Corporate Vice President, Johnson & Johnson, and will serve in this position for one year. "Tim has been a...
As of Wednesday, the merger between Time Warner and AOL will come to an end, and AOL will once again be an independent Web firm.The merger began in early 2000 with a $160 billion agreement between the two companies, following AOL's successes during the 1990s when it capitalized on selling dial-up Internet services.A few years later, Google emerged on the scene with a revolutionary method of selling advertisements on the Web.Last month, Time Warner gave details of the spin-off of AOL shares....
