AOL to Cut One-Third of Workforce
Now that they've spun off from Time Warner, the Internet giant is slimming down.
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Now that they've spun off from Time Warner, the Internet giant is slimming down.
After a 14 percent decline in profits, the media giant finally considers this long-anticipated move.
Today's displeasing news about the news.
"We have heard from a vocal minority of our customers and have determined that we need to spend more time educating everyone on this new model."
The awkward puberty of the media continues.
Plus the latest on what's up with UBS, Beth Israel, and McDonald's in our daily industry roundup.
Are you ready to pay a "download tax" to Time Warner just to get your episode of 'Cavemen'?
In our daily industry roundup, the former Citigroup chairman second-guesses himself on the appointment of successor Charles Prince. And more!
Also in our daily industry roundup: No recession! High-end boutiques on the LES! And law professors suing students!
Bewkes, Michael Patrick King, and the Sex and the City cast ham it up at a Point Foundation dinner.
Jerry has more car trouble, Cindy Adams takes the stand, and Shelley Ross gets the last cackle in today's roundup of all the dish from New York's gossip columns.
After all, the argument goes, now these schmoes who are leeching off their father's legacy can force DC to stop printing Superman comics or demand that Warner Bros. stop making Superman movies!
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