AOL CEO Tim Armstrong: We’re Narrowing Down to 15 Brands


AOL turned in mixed earnings on Wednesday, with higher revenue but profit that missed estimates, and shares dropped 23% in afternoon trading. CEO Tim Armstrong said he was pleased with the company’s performance, pointing to five quarters in a row of revenue, profit and traffic growth. That’s coming from a fairly low baseline the company hit a few years ago.

Mr. Armstrong spoke with Ad Age after this morning’s earnings call, touching upon the company’s narrowing investment in its content brands, the impending profitability of its ad-tech division and an update on its NewFronts performance:

Continue reading at AdAge.com

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