Wednesday, May 4, 2011

4-6-2011


HuffPo purchase weighs down AOL earnings




AOL saw its profits for the first quarter nosedive by 86 percent as the company struggled to swallow the costs of buying the Huffington Post.
For the quarter ended March 31, the online service watched its profits fall to $4.7 million from $34.7 million in the year-ago quarter. Revenue also fell, reaching $551.4 million, a 17 percent drop from $664.3 million a year ago




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