Month: August 2010

Wall Street didn’t have high expectations for AOL’s quarterly earnings–after all, one of the company’s executives exclaimed at a conference last week that “we have a big f-ing problem!”–but the Internet service provider turned media outlet still failed to meet the mark. AOL posted revenues of $584.1 million, a 26 percent decline from the previous quarter, when analysts were expecting about $602 million. In an earnings release, AOL attributed the losses to slimmed-down search and advertising operations internationally, particularly in France and Germany, as well as to costs incurred by some properties which it has since sold off. In...