Latest Tim Armstrong Stories

AOL CEO Trying To Sell Company To Yahoo
2011-10-13 11:10:16

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,...

2011-06-27 17:43:00

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...

2011-05-05 06:50:00

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...

2010-11-03 12:22:01

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 higher...

2010-09-29 06:25:00

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...

2010-09-02 14:49:31

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 Armstrong...

2010-08-05 08:00:00

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...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.