CNN: The Huffington Post has yet to turn a profit for AOL, falling far short of executive Tim Armstrong’s projection at the time of the acquisition three years ago.
CNN: The Huffington Post has yet to turn a profit for AOL, falling far short of executive Tim Armstrong’s projection at the time of the acquisition three years ago.
Macquarie analyst Ben Schachter said investors gave AOL’s content businesses a pass this year because its dial-up Internet subscriber business – where it made its name almost two decades ago – declined at a slower-than-expected rate. Investors were also happy with a special dividend and stock buyback from AOL’s $1 billion patent sale to Microsoft Corp.
