Raja Jasti’s Blog - Renaissance Thinking

April 6, 2009

AOL being spun off?

Filed under: Business, Internet, Media — Tags: — Raja @ 10:00 am

Time Warner, parent company of AOL, may be preparing to spin off AOL according to reuter.

NEW YORK (Reuters) - Time Warner Inc said on Monday it is asking some bondholders to change credit terms, a move expected to pave the way for a spin-off of its beleaguered Internet unit AOL.

The media conglomerate, whose shares fell 4 percent in early trading, said the change in credit terms will allow for a possible change in ownership at AOL.

The unit was once how most people found their way onto the Internet. It has since been left behind as a relic as cable and phone companies picked off subscribers and Google and others swooped in to dominate online advertising.

Last month Time Warner Chief Executive Jeff Bewkes lured former Google Inc executive Tim Armstrong to head AOL with the possibility of leading a spin-off.

“We view this announcement as significant as it clears a major hurdle to spin AOL to Time Warner shareholders,” Sanford Bernstein analyst Michael Nathanson said in a note to clients.

What a mess this AOL and TW merger has turned out to be in retrospect.

March 27, 2009

Jonathan Miller, Former AOL CEO, joins News Corp.

Filed under: Media — Tags: , , — Raja @ 11:57 pm

Jonathan Miller, former CEO at AOL, joins News Corp. as its chief digital officer.

Jonathan Miller, the former CEO of AOL, is taking over the digital assets of News Corp., we’ve confirmed independently - his new title will be CEO of Digital Media. This will include Fox Interactive Media and other duties. Peter Levinsohn, the current president of Fox Interactive, will be leaving his current position but will remain at News Corp.

This is more than a little ironic. Miller currently works with Ross Levinsohn at Velocity Interactive Group - and Ross Levinsohn was the head of Fox Interactive before Peter Levinsohn took the position in late 2006.

This means Miller is now running MySpace and other News Corp. digital assets, making him MySpace CEO Chris DeWolfe’s fifth boss in the last few years.

Miller was under contractual obligations with AOL not to work with AOL competitors until this month. Time Warner vetoed his appointment to the Yahoo board of directors last year under the agreement.

March 23, 2009

Twitter bandwagon

Filed under: Internet, Media, Trends — Tags: , , , — Raja @ 12:09 pm

Businessweek will be integrating tweets into its comments.

Business Week is syncing the comments on its social-networking site to Twitter, making it among the first major media companies to harness the popularity of the microblogging service.

Federated Media is launching exectweets.com to help you follow the tweets from business execs. Why would you want to do that? :)

AOL and Yahoo will be integrating twitter like functionality, also known as life streaming, into their web service.

The growing popularity of Twitter and Facebook’s news feed functionality has made everyone embrace life streaming — essentially a way for us to broadcast our daily digital lives via photos, videos, postings and status updates — as a way to consume information. In a matter of months, expect both Yahoo and AOL to come up with their own news feed offerings, likely to be embedded in their more popular web services. While Yahoo’s working on a life-streaming product called Yahoo Updates, AOL’s new offering, which takes a cue from Facebook Connect, is being called “Site Social” internally.Unlike Facebook or Twitter, which are taking advantage of their own social graphs, Yahoo is likely to introduce “life streaming” into its very popular email service. Other details about this service are yet to be revealed, but Yahoo has been working on making its email more social.

Similarly, AOL will leverage its instant messaging client installed base to introduce its own version of life streaming. Essentially, the new AIM client would adopt a tab-like structure where one of the tabs would be like your plain old AIM friends lists. A new tab will be used to life stream information that will come into the client from various sources.

March 12, 2009

Tim Armstrong is AOL CEO

Filed under: Business, Media — Tags: , — Raja @ 4:44 pm

AOL has hired Tim Armstrong, sales head at google, as their new CEO.

AOL has named a new CEO and chairman. Tim Armstrong, who headed up ad sales in the Americas for Google, will replace Randy Falco as chairman and CEO. AOL President and COO Ron Grant will also be leaving the company. Armstrong’s name has been bandied about as a potential CEO or top executive at several companies. He takes on a challenging post at AOL, which does not have the strength of either Google or even Yahoo in terms of advertising assets or traffic.

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