Slow March to AOL's Funeral Continues: Split in Two - ReadWriteWeb
According to a statement by Time Warner, AOL will be split into two separate businesses: advertising and access. Overall, revenues from its AOL division declined 16% to $1.1 billion last year. Most importantly, subscription revenue from its dial-up services dropped by 29%, especially after AOL started to offer more of its products for free. The only bright spot for AOL was that its advertising sales grew by 2%. Even there, though, the decline in users on sites in the AOL network put a dent into the otherwise relatively positive results.