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4/8/2014 AOL - Wikipedia, the free encyclopedia http://en.wikipedia.org/wiki/AOL 1/17 AOL Inc. Type Public Traded as NYSE: AOL (http://www.nyse.com/about/listed/quickquote.html? ticker=aol) Industry Media Founded 1983 as Control Video Corporation 1991 as America Online, Vienna, Virginia (Tysons Corner), U.S. [1] 2006 as AOL 2009 as Aol. [2] Headquarters 770 Broadway New York City, New York, U.S. Area served Worldwide Key people Tim Armstrong (Chairman and CEO) Services Online services Revenue $2.19 billion (FY 2012) [3] Operating income $1.201 billion (FY 2012) [3] Net income $1.048 billion (FY 2012) [3] Total assets $2.797 billion (FY 2012) [3] Total equity $2.137 billion (FY 2012) [3] Employees 5,600 (Dec 31, 2012) [3] Website corp.aol.com (http://corp.aol.com) www.aol.com (http://www.aol.com/) blog.aol.com (http://blog.aol.com/) AOL From Wikipedia, the free encyclopedia AOL Inc. (previously known as America Online , written as AOL and styled as " Aol." but commonly pronounced as an initialism) is an American multinational mass media corporation based in New York City that develops, grows, and invests in brands and web sites. [4] The company's business spans digital distribution of content, products, and services, which it offers to consumers, publishers, and advertisers. Founded in 1985 as Quantum Computer Services, an online services company by Jim Kimsey from the remnants of Control Video Corporation, AOL has franchised its services to companies in several nations around the world or to set up international versions of its services. [5] AOL is headquartered at 770 Broadway in New York [6][7] but has many offices in cities throughout North America. Its global offices include Bangalore, India; Dreieich, Germany; Dublin, Ireland; London, United Kingdom; and Tel Aviv, Israel. As of October 2012, it serves 2.9 million paid and free domestic (US) subscribers. [8] AOL is best known for its online software suite, also called AOL, that allowed customers to access the world's largest "walled garden" online community and eventually reach out to the Internet as a whole. At its peak, AOL's membership was over 30 million members worldwide, [9] most of whom accessed the AOL service through the AOL software suite. AOL was ranked fourth (behind the Web, email, and graphic user interfaces) in a 2007 USA Today retrospective on the 25 events that shaped the first 25 years of the Internet [10] and was named to the ".com 25" by a panel of Silicon Valley influencers on the occasion of the same anniversary. [11] In 2000, AOL purchased Time Warner, the deal structured as a merger under the name AOL Time Warner. [12] The merger was not fruitful and on May 28, 2009, Time Warner announced that it would spin off AOL into a separate public company. The spinoff occurred on December 9, 2009, [13] ending the eight-year relationship between the two companies. [14] Coordinates: 40.7308°N 73.9914°W

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  • 4/8/2014 AOL - Wikipedia, the free encyclopedia

    http://en.wikipedia.org/wiki/AOL 1/17

    AOL Inc.

    Type Public

    Traded as NYSE: AOL

    (http://www.nyse.com/about/listed/quickquote.html?

    ticker=aol)

    Industry Media

    Founded 1983 as Control Video Corporation

    1991 as America Online, Vienna, Virginia (Tysons

    Corner), U.S.[1]

    2006 as AOL

    2009 as Aol.[2]

    Headquarters 770 Broadway

    New York City, New York, U.S.

    Area served Worldwide

    Key people Tim Armstrong

    (Chairman and CEO)

    Services Online services

    Revenue $2.19 billion (FY 2012)[3]

    Operating

    income

    $1.201 billion (FY 2012)[3]

    Net income $1.048 billion (FY 2012)[3]

    Total assets $2.797 billion (FY 2012)[3]

    Total equity $2.137 billion (FY 2012)[3]

    Employees 5,600 (Dec 31, 2012)[3]

    Website corp.aol.com (http://corp.aol.com)

    www.aol.com (http://www.aol.com/)

    blog.aol.com (http://blog.aol.com/)

    AOLFrom Wikipedia, the free encyclopedia

    AOL Inc. (previously known as AmericaOnline, written as AOL and styled as"Aol." but commonly pronounced as aninitialism) is an American multinationalmass media corporation based in NewYork City that develops, grows, and

    invests in brands and web sites.[4] Thecompany's business spans digitaldistribution of content, products, andservices, which it offers to consumers,publishers, and advertisers.

    Founded in 1985 as Quantum ComputerServices, an online services company byJim Kimsey from the remnants of ControlVideo Corporation, AOL has franchisedits services to companies in several nationsaround the world or to set up international

    versions of its services.[5] AOL isheadquartered at 770 Broadway in New

    York[6][7] but has many offices in citiesthroughout North America. Its globaloffices include Bangalore, India; Dreieich,Germany; Dublin, Ireland; London, UnitedKingdom; and Tel Aviv, Israel. As ofOctober 2012, it serves 2.9 million paid

    and free domestic (US) subscribers.[8]

    AOL is best known for its online softwaresuite, also called AOL, that allowedcustomers to access the world's largest"walled garden" online community andeventually reach out to the Internet as awhole. At its peak, AOL's membershipwas over 30 million members

    worldwide,[9] most of whom accessed theAOL service through the AOL softwaresuite. AOL was ranked fourth (behind theWeb, email, and graphic user interfaces) in

    a 2007 USA Today retrospective on the 25 events that shaped the first 25 years of the Internet[10] and was

    named to the ".com 25" by a panel of Silicon Valley influencers on the occasion of the same anniversary.[11]

    In 2000, AOL purchased Time Warner, the deal structured as a merger under the name AOL Time Warner.[12]

    The merger was not fruitful and on May 28, 2009, Time Warner announced that it would spin off AOL into a

    separate public company. The spinoff occurred on December 9, 2009,[13] ending the eight-year relationship

    between the two companies.[14]

    Coordinates: 40.7308N 73.9914W

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    AOL release timeline

    1983GameLine for the Atari 2600 video gameconsole

    1985 Quantum Link for Commodore 64- and 128

    1988 AppleLink for Apple II and Macintosh

    1988 PC Link for IBM PC compatibles

    1989America Online for Macintosh received as apopular Apple Macintosh BBS

    February 1991 AOL for DOS launched

    January 1993AOL 2.0 for the Apple Macintosh released,AOL 1.0 for Microsoft Windows 3.xlaunched

    June 1994AOL 1.5 for Microsoft Windows 3.xreleased

    September1994

    AOL 2.0 for Microsoft Windows 3.xreleased

    June 1995AOL 2.5 for Microsoft Windows 3.xreleased

    June 1995AOL 3.0 (Win16) for Windows3.x/Windows 95/Windows NT released

    June 1996 AOL 3.0 for Windows 95 released

    Since then, AOL has begun to substantially change its business model reinventing itself as a brand companyunder the guidance of CEO Tim Armstrong, creating and acquiring a range of content properties. Major

    acquisitions include the purchase of technology news blog TechCrunch in September 2010,[15] and on February

    7, 2011, the purchase of The Huffington Post.[16] Other AOL brands include Moviefone, Engadget, Stylelist,

    MapQuest and Cambio.[17]

    Contents

    1 History

    2 Products and services

    3 Corporate social responsibility

    4 Criticism

    5 Company purchases

    6 Notable people7 In popular culture

    8 See also9 References

    10 External links

    History

    1980s: foundations

    AOL began as a short-lived venture calledControl Video Corporation (or CVC), foundedby Bill von Meister. Its sole product was an onlineservice called GameLine for the Atari 2600 videogame console after von Meister's idea of buyingmusic on demand was rejected by Warner

    Bros..[18] Subscribers bought a modem from thecompany for 49.95 USD and paid a one-time15 USD setup fee. GameLine permittedsubscribers to temporarily download games andkeep track of high scores, at a cost of 1 USD pergame. The telephone disconnected and thedownloaded game would remain in GameLine'sMaster Module and playable until the user turnedoff the console or downloaded another game.

    The original technical team was composed of MarcSeriff, Tom Ralston, Ken Huntsman, Janet Hunter,Dave Brown, Steve Trus, Ray Heinrich, MikeFicco, Craig Dykstra, and Doug Coward.

    In January 1983, Steve Case was hired as amarketing consultant for Control Video on therecommendation of his brother, investment banker

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    July 1998 /June 1999

    AOL 4.0 (Casablanca) and Refresh 2released

    September1999

    AOL 5.0 (Kilimanjaro) released

    June 2000 AOL 5.0 for 9x/NT/2K (Niagara) released

    October andDecember2000

    AOL 6.0 (K2 Karakorum) and Refreshreleased

    September2001

    AOL 6.0.2 for XP (Steppenwolf) launched

    October andDecember2001, Mayand July 2002

    AOL 7.0 (Taz) and Refresh 1, Refresh 2,and Refresh 2 Plus released

    October 2002 AOL 8.0 (Spacely) released

    April 2003 AOL 8.0 Plus (Elroy) launched

    August andSeptember2003

    AOL 9.0 Optimized (Bunker Hill / BlueHawaii) and Refresh released

    May 2004AOL 9.0 Optimized SE/LE (Thailand / Tahiti)released

    November2004, July2005

    AOL 9.0 Security Edition SE/LE (Strauss)and Refresh released

    August 2005to March2006

    AOL Suite Beta launched (cancelled)

    September2006, March2007

    AOL OpenRide (Streamliner) launched

    November2006, April2007

    AOL 9.0 VR and Refresh (Raga) released(AOL 9.0 for Microsoft Windows Vista butalso works with Microsoft Windows 98,ME, 2000 and XP)

    September2007

    AOL Desktop for Mac Beta released

    October 31,2007

    AOL 9.1 (Tarana) released

    December2007

    AOL Desktop (a.k.a. AOL 10.0) launched

    May 2008 AOL Desktop for Mac 10 officially launched

    September2008

    AOL Desktop 10.1 released

    February andNovember2009

    AOL 9.5 and 9.5 Refresh released (Classic)

    November2010

    AOL Desktop 9.6

    December2011

    AOL Desktop 9.7

    Dan Case. In May 1983, Jim Kimsey became amanufacturing consultant for Control Video, whichwas near bankruptcy. Kimsey was brought in byhis West Point friend Frank Caufield, an investor in

    the company.[18] In early 1985, Von Meisterquietly left the company.

    On May 24, 1985, Quantum Computer Services,an online services company, was founded by JimKimsey from the remnants of Control Video withKimsey as Chief Executive Officer and Marc Seriffas Chief Technology Officer. Out of 100employees from Control Video, only 10 were

    retained for the new company,[18] one of whichwas Steve Case, who got promoted to vice-president of marketing. In 1987, Case waspromoted again to executive vice-president.Kimsey soon began to groom Case to ascend tothe rank of CEO, which he did when Kimseyretired in 1991.

    Kimsey changed the company's strategy and in1985, launched a dedicated online service forCommodore 64 and 128 computers, originallycalled Quantum Link ("Q-Link" for short). TheQuantum Link software was based on softwarelicensed from PlayNet, Inc, (founded in 1983 byHoward Goldberg and Dave Panzl). In May 1988,Quantum and Apple launched AppleLink PersonalEdition for Apple II and Macintosh computers. InAugust 1988, Quantum launched PC Link, aservice for IBM-compatible PCs developed in ajoint venture with the Tandy Corporation. After thecompany parted ways with Apple in October1989, Quantum changed the service's name to

    America Online.[19][20]

    Steve Case positioned AOL as the online servicefor people unfamiliar with computers, in particularcontrast to CompuServe, which had long servedthe technical community. The PlayNet system thatAOL licensed was the first online service to requireuse of proprietary software, rather than a standardterminal program; it also offered a graphical userinterface (GUI) instead of command lines, and waswell ahead of the competition in emphasizingcommunication among members as a

    feature.[citation needed]

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    From the beginning, AOL included online games in its mix of products; many classic and casual games wereincluded in the original PlayNet software system. In the early years of AOL the company introduced manyinnovative online interactive titles and games, including:

    Graphical chat environments Habitat (19861988) and Club Caribe (1988) from LucasArts.The first online interactive fiction series QuantumLink Serial by Tracy Reed (1988).

    Quantum Space, the first fully automated Play by email game (19891991).

    1990s: a new internet age

    In February 1991, AOL for DOS was launched using a GeoWorks interface followed a year later by AOL forWindows. This coincided with growth in pay-based online services, like Prodigy, CompuServe, and GEnie.1991 also saw the introduction of an original Dungeons & Dragons title called Neverwinter Nights fromStormfront Studios; it was the first Multiplayer Online Role Playing Game to depict the adventure with graphicsinstead of text.

    During the early 1990s, the average subscription lasted for about 25 months and accounted for $350 in total

    revenue.[21] AOL discontinued Q-Link and PC Link in the fall of 1994. In September 1993, AOL added

    USENET access to its features.[22] This is commonly referred to as the "Eternal September". AOL quicklysurpassed GEnie, and by the mid-1990s, it passed Prodigy (which for several years allowed AOL advertising)and CompuServe.

    Particularly notable was the Chat Room concept from PlayNet, as opposed to the previous paradigm of CB-style channels. Chat Rooms allowed a large group of people with similar interests to convene and holdconversations in real time, including:

    Private rooms created by any user. Hold up to 23 people.

    Conference rooms created with permission of AOL. Hold up to 48 people and often moderated.

    Auditoriums created with permission of AOL. Consisted of a stage and an unlimited number of rows.

    What happened on the stage was viewable by everybody in the auditorium but what happened within

    individual rows, of up to 27 people, was viewable only by the people within those rows.[citation needed]

    Between 199094,[citation needed] AOL launched services with the National Education Association, theAmerican Federation of Teachers, National Geographic, the Smithsonian Institution, the Library of Congress,Pearson, Scholastic, ASCD, NSBA, NCTE, Discovery Networks, Turner Education Services (CNNNewsroom), National Public Radio, The Princeton Review, Stanley Kaplan, Barron's, Highlights for Kids, theUS Department of Education, and many other education providers. AOL's offered the first real-time homeworkhelp service (the Teacher Pager1990; prior to this, AOL provided homework help bulletin boards), the firstservice by children, for children (Kids Only Online, 1991), the first online service for parents (the ParentsInformation Network, 1991), the first online courses (1988), the first omnibus service for teachers (theTeachers' Information Network, 1990), the first online exhibit (Library of Congress, 1991), the first parentalcontrols, and many other online education firsts.

    The first chat room-based text role-playing game, Black Bayou. was introduced by AOL in 1996.

    AOL charged its users an hourly fee until October 1996, when the company changed to a flat monthly rate of$19.95. During this time, AOL connections would be flooded with users trying to get on, and many canceledtheir accounts due to constant busy signals. A commercial featuring Steve Case telling people AOL wasworking day and night to fix the problem was made. Within three years, AOL's userbase grew to 10 millionpeople. In 1995 AOL was headquartered at 8619 Westwood Center Drive in the Tysons Corner CDP in

    unincorporated Fairfax County, Virginia,[23][24] near the Town of Vienna.[25]

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    Decline in U.S. subscribers 2Q 2001

    2Q 2009.[citation needed]

    AOL was quickly running out of room in October 1996 for its network at the Fairfax County campus. In

    1996,[citation needed] AOL moved to 22000 AOL Way in Dulles, unincorporated Loudoun County,

    Virginia.[26] The move to Dulles took place in mid-1996 and provided room for future growth. In a five-yearlandmark agreement with the most popular operating system, AOL was bundled with Windows

    software.[citation needed]

    On March 31, 1997, the short-lived eWorld was purchased by AOL.

    AOL announced on November 24, 1998 that it would acquire Netscape. The deal closed on March 17, 1999.

    2000s: Transition Re-branding and decline

    In January 2000, AOL and Time Warner announced plans to merge,forming AOL Time Warner, Inc. The terms of the deal called forAOL shareholders to own 55% of the new, combined company. Thedeal closed on January 11, 2001. The new company was led byexecutives from AOL, SBI, and Time Warner. Gerald Levin, whohad served as CEO of Time Warner, was CEO of the new company.Steve Case served as Chairman, J. Michael Kelly (from AOL) wasthe Chief Financial Officer, Robert W. Pittman (from AOL) and DickParsons (from Time Warner) served as Co-Chief Operating

    Officers.[citation needed]

    In 2004, along with the launch of AOL 9.0 Optimized, AOL alsomade available the option of personalized greetings which wouldenable the user to hear his or her name while accessing basic functions and mail alerts, or while logging in or out.

    In 2005, AOL broadcast the Live 8 concert live over the Internet, and thousands of users downloaded clips of

    the concert over the following months.[citation needed] In late 2005, AOL released AOL Safety & Security

    Center,[citation needed] a bundle of McAfee anti-virus, CA anti-spyware, and proprietary firewall and phishingprotection software. News reports in late 2005 identified companies such as Yahoo!, Microsoft, and Google as

    candidates for turning AOL into a joint venture;[27] those plans were apparently abandoned when it wasrevealed on December 20, 2005 that Google would purchase a 5% share of AOL for $1 billion.

    On April 3, 2006, AOL announced that it was retiring the full name "America Online"; the official name of the

    service became "AOL", and the full name of the Time Warner subdivision became "AOL, LLC".[28]

    On June 8, 2006,[29] AOL offered a new program called AOL Active Security Monitor, a diagnostic tool thatchecked the local PC's security status, and recommended additional security software from AOL orDownload.com. The program rated the computer on a variety of different areas of security and general

    computer health. Two months later,[30] AOL released AOL Active Virus Shield. This software was developedby Kaspersky Lab. Active Virus Shield software was free and did not require an AOL account, only an internetemail address. The ISP side of AOL UK was bought by The Carphone Warehouse in October 2006 to takeadvantage of their 100,000 LLU customers, making The Carphone Warehouse the biggest LLU provider in the

    UK.[31]

    On August 2006, AOL announced that they would give away email accounts and software previously availableonly to its paying customers provided the customer accessed AOL or AOL.com through a non-AOL-ownedaccess method (otherwise known as "third party transit", "bring your own access", or "BYOA"). The move wasdesigned to reduce costs associated with the "Walled Garden" business model by reducing usage of AOL-owned access points and shifting members with high-speed internet access from client-based usage to the more

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    lucrative advertising provider, AOL.com.[32] The change from paid to free was also designed to slow the rate ofmembers canceling their accounts and defecting to Microsoft Hotmail, Yahoo!, or other free email providers.

    The other free services included:[33]

    AIM (AOL Instant Messenger)

    AOL Video[34] featured professional content and allowed users to upload videos as well.

    AOL Local, comprising its CityGuide,[35] Yellow Pages[36] and Local Search[37] services to help usersfind local information like restaurants, local events, and directory listings.

    AOL News

    AOL My eAddress, a custom domain name for email addresses. These email accounts could beaccessed in a manner similar to other AOL and AIM email accounts.

    Xdrive, which was a service offered by AOL that allowed users to back up their files over the

    Internet.[38] It was acquired by AOL on August 3, 2005 and closed on January 12, 2009.[39] It offered a

    free 5 GB account (free online file storage) to anyone with an AOL screenname.[38] Xdrive also provided

    remote backup services and 50GB of storage for a $9.95 per month fee.[38]

    According to AOL CEO Randy Falco, as of December 2007, the conversion rate of accounts from paid access

    to free access was over 80%.[40] Later in August 2006, AOL informed its American customers that it would beincreasing the price of its dial-up access to US$25.90. The increase was part of an effort to migrate the service'sremaining dial-up users to broadband, as the increased price was the same price they had been charging for

    monthly DSL access.[41] However, AOL has since started offering their services for $9.95 a month for unlimited

    dial-up access.[42]

    On September 17, 2007, AOL announced that it was moving one of its corporate headquarters from Dulles,

    Virginia, to New York City[43] and combining its various advertising units into a new subsidiary called PlatformA. This action followed several advertising acquisitions, most notably Advertising.com, and highlighted thecompany's new focus on advertising-driven business models. AOL management stressed that "significantoperations" will remain in Dulles, which included the company's access services and modem banks.

    In October 2007, AOL announced that it would move one of its other headquarters from Loudoun County,

    Virginia, to New York City; it would continue to operate its Virginia offices.[7] As part of the impending moveto New York and the restructuring of responsibilities at the Dulles headquarters complex after the Reston move,AOL CEO Randy Falco announced on October 15, 2007 plans to lay off 2000 employees worldwide by the

    end of 2007, beginning "immediately".[44] The end result was a near 40% layoff across the board at AOL. Mostcompensation packages associated with the October 2007 layoffs included a minimum of 120 days ofseverance pay, 60 of which were given in lieu of the 60-day advance notice requirement by provisions of the

    1988 Federal WARN Act.[44]

    By November 2007, AOL's customer base had been reduced to 10.1 million subscribers,[45] just narrowlyahead of Comcast and AT&T Yahoo!.

    On January 3, 2008, AOL announced the closing one of its three Northern Virginia data centers, Reston

    Technology Center, and sold it to CRG West.[46]

    On February 6, 2008, Time Warner CEO Jeff Bewkes announced that Time Warner would split AOL's internet

    access and advertising businesses into two, with the possibility of later selling the internet access division.[47]

    On March 13, 2008, AOL purchased the social networking site Bebo for $850m (417m).[48] On July 25,2008, AOL announced it was shedding Xdrive, AOL Pictures, and BlueString to save on costs and focus on its

    core advertising business.[49] AOL Pictures was terminated on December 31, 2008. On October 31, 2008,

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    AOL Hometown (a web hosting service for the websites of AOL customers) and the AOL Journal blog hosting

    service were eliminated,[50] after first announcing the impending shutdown on September 30, 2008.[51]

    2009present: AOL as a digital media company

    On March 12, 2009, Tim Armstrong, formerly with Google, was named Chairman and CEO of AOL.[52]

    Shortly thereafter, on May 28, Time Warner announced that it would spin off AOL as an independent company

    once Google's shares ceased at the end of the fiscal year.[53]

    On November 23, 2009, AOL unveiled a sneak preview of a new brand identity which has the a wordmarkAol superimposed onto canvases created by commissioned artists. The new identity, designed by Wolff

    Olins,[54] was enacted onto all of AOL's services on December 10, 2009, the date AOL traded independently

    for the first time since the Time Warner merger on the New York Stock Exchange under the symbol AOL.[55]

    On April 6, 2010, AOL announced plans to shut down or sell Bebo;[56] on June 16, 2010, the property was

    sold to Criterion Capital Partners for an undisclosed amount, believed to be around $10 million.[57] InDecember 2010, AIM eliminated access to AOL chat rooms noting a marked decline of patronage in recent

    months.[58]

    Under Armstrongs leadership, AOL began taking steps in a new business direction, marked by a series ofacquisitions. On June 11, 2009, AOL had already announced the acquisition of Patch Media, a network of

    community-specific news and information sites that focuses on individual towns and communities.[59] OnSeptember 28, 2010, at the San Francisco TechCrunch Disrupt Conference, AOL signed an agreement to

    acquire TechCrunch to further its overall strategy of providing premier online content.[60][61] On December 12,2010, AOL acquired about.me, a personal profile and identity platform, four days after that latter's public

    launch.[62]

    On January 31, 2011, AOL announced the acquisition of European video distribution network, goviral.[63] On

    February 7, 2011, AOL bought The Huffington Post for $315 million.[64] Shortly after the acquisition wasannounced, Huffingtonpost.com co-founder Arianna Huffington replaced AOL Content Chief David Eun,

    assuming the role of President and Editor-in-Chief of the AOL Huffington Post Media Group.[65]

    On March 10, 2011, AOL announced it would cut around 900 workers in the wake of the Huffington Post

    deal.[66]

    On September 14, 2011, AOL formed a strategic ad selling partnership with two of its largest competitors,Yahoo and Microsoft. According to the new partnership, the three companies would begin selling inventory on

    each others sites. The strategy was designed to help them compete with Google and ad networks.[67]

    On March 15, 2012, AOL announced the acquisition of Hipster, a mobile photo sharing app for an undisclosed

    amount.[68] On April 9, 2012, AOL announced a deal to sell 800 patents to Microsoft for $1.056 billion. The

    deal includes a "perpetual" license for AOL to use these patents.[69]

    In April 2012, AOL took several steps to expand its ability to generate revenue through online videoadvertising. First, the company announced that it would offer gross rating point (GRP) guarantee for onlinevideo, mirroring the TV ratings system and guaranteeing audience delivery for online video advertising

    campaigns bought across its properties.[70] This announcement came just days before the Digital ContentNewFronts (DCNF), a two-week event held by AOL, Google, Hulu, Microsoft, Vevo and Yahoo to showcase

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    the participating sites digital video offerings. The Digital Content NewFronts were conducted in advance of the

    traditional television upfronts in hopes of diverting more advertising money into the digital space.[71] On April

    24, 2012, the company launched the AOL On network, a single web site for its video output.[72]

    In February 2013, AOL reported its fourth quarter revenue of $599.5 million, its first growth in quarterly

    revenue in 8 years.[73]

    In August 2013, Armstrong announced Patch Media would scale back or sell hundreds of its local news

    sites.[74] Not long afterwards, layoffs began, with up to 500 out of 1,100 positions impacted.[75] On January

    15, 2014, Patch Media was spun off, with majority ownership being held by Hale Global.[76]

    Products and services

    AOLs products and services are in the following areas: Content, Advertising, Local, Membership and AOLVentures.

    Content

    AOLs Huffington Post Media Group (HPMG) is a source of news, opinion, entertainment, community anddigital information. The Group is a diverse network of sites including the Huffington Post, Moviefone, Engadget,TechCrunch, gdgt, and Stylelist, which combine reposting, technology, engagement, and video to reach a globalaudience on every platform. The Group has over 20,000 bloggers, including politicians, celebrities, academics

    and policy experts, who contribute on a wide range of topics making news.[77] The Groups video is collectedon its AOL On site, which offers channels in News, Entertainment, Style, Tech, Business, Food, Home, Travel,

    Health, Autos, Parenting, Relationships, Video Games and Pets.[78]

    Advertising

    AOL Advertising AOL Advertising offers advertisers, agencies and publishers access to AOLs online

    advertising tools, and the ability to advertise on the original brands available through the AOL Huffington

    Post Media Group.

    Advertising.com AOLs ad network, Advertising.com, helps advertisers reach highly targeted

    audiences at scale, and helps publishers increase revenue. Advertising.com utilizes AdLearn, an advanced

    optimization and bid management system. AdLearn processes up to 10 billion transactions per day.AOL Advertising.com Group The AOL Advertising.com Group comprises eight businesses:

    Advertising.com, ADTECH, AOL On Network, Be On, Pictela, Studio Now, 5min Media and

    Sponsored Listings.

    ADTECH ADTECH's integrated ad serving solutions enable web publishers, ad networks, agencies

    and advertisers to manage, serve and report on their online advertising campaigns including display,

    video and mobile formats.

    AOL On Network The AOL On Network comprises 14 curated video channels. It features originalseries by AOL Studios and other production houses, and a library of content from AOL partners. The

    site is refreshed with content surrounding breaking stories and trending topics. AOL On also features the

    custom playlists of celebrity curators.

    5min Media 5min Media offers publishers access to a curated video library, white-label player and

    proprietary technology that allows them to integrate 5min Medias videos across their sites to reach and

    engage with targeted audiences.

    Be On Be On distributes branded video content on a pay-for-performance basis.

    Pictela Pictela is an award-winning,[79] high-definition global content marketing platform for serving and

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    distributing brand content across online advertising and social media. The Pictela platform powers thebackend of AOL Premium Formats.

    StudioNow StudioNow works with businesses to create, produce and distribute affordable custom

    video that's hyperlocal, high-quality and scaled to their needs.

    Sponsored Listings The Advertising.com Sponsored Listings network includes AOL Media propertiesand many of the web's top sites. The network is pay-per-click and enables advertisers to target ads by

    content and by audience.[80]

    Local

    AOL provides local content, platforms and services covering geographic levels ranging from neighborhoods tomajor metropolitan areas. This local content includes professional editorial content, user-generated content andbusiness listings. AOLs local brands include MapQuest, the second-largest online mapping company, operatingat 44-percent market share; and a minority holding in Patch, a platform of hyperlocal news and information sitesmanaged by professional local journalists and photographers.

    AOL membership

    AOL offers a range of integrated products and properties including communication tools, mobile services andsubscription packages that drive traffic and user engagement across the AOL network.

    Mobile AOL Mobile includes applications and mobile web experiences for existing AOL properties

    like Moviefone, Shoutcast, TechCrunch, AIM, MapQuest, and products such as Engadget Distro,

    Editions by AOL, Play by AOL Music and Huffington Magazine.

    AOL Mail AOL Mail is AOLs proprietary email client. It is fully integrated with AIM and links to

    news headlines on AOL content sites.

    AIM AIM is AOLs proprietary instant-messaging tool. It also comprises a video-chat service, AV byAIM.

    About.me About.me enables users to bring in multiple online profiles from various services into one

    online identity.

    Lifestore.com Lifestore.com provides products and services including PC utilities, tech support, online

    learning, and diet and fitness programs.[81]

    Ventures

    AOL Ventures is the venture capital arm of AOL, investing in early-stage technology-centric consumer Internet

    companies.[82]

    Corporate social responsibility

    Since spinning off from Time Warner in 2010, AOL has made corporate social responsibility an important part

    of its mission. In its company values, AOL states, "We are in the business of helping people, period."[83] For thecompanys corporate social responsibility efforts, AOL's CEO Tim Armstrong was included in a July 9, 2012Adweek article, "The Givers," highlighting individuals who have committed their and their companies' time,

    money and resources to a diverse range of causes.[84]

    Each year on the companys birthday, AOL employees around the world are invited to participate in MonsterHelp Day, a global community service day dedicated to strengthening the communities in which AOL employees

    live and work.[85] Other corporate social responsibility initiatives include producing cause-related content for

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    AOL properties; donating PSA campaigns throughout the AOL network; empowering consumers throughcause-related contests and initiatives; implementing a permanent cause module on AOLs homepage, dedicated

    to promoting a different nonprofit daily; and advocating for internet safety through its blog SafetyClicks.com.[86]

    Criticism

    Main article: Criticism of AOL

    In its earlier incarnation as a walled garden community and service provider, AOL received criticism for itscommunity policies, terms of service, and customer service. Prior to 2006, AOL was known for its directmailing of CD-ROMs and 3" floppy disks containing its software. The disks were distributed in large numbers;

    at one point, half of the CDs manufactured worldwide had AOL logos on them.[87] The marketing tactic wascriticized for its environmental cost, and AOL CDs were recognized as PCWorlds most annoying tech

    product.[88][89]

    Company purchases

    Main article: List of acquisitions by AOL

    Notable people

    Marc Andreessen (Netscape co-founder and AOL Chief Technology Officer)[90][91]

    Jim Barksdale (former director)[92]

    John Barnes (former head researcher)

    Randall Boe (Executive Vice President and General Counsel)[93]

    Jason Calacanis (former CEO of Weblogs, Inc. and former GM of Netscape)[94]

    Steve Case (former CEO and Board Chairman, married Jean Villanueva in 1998)[95]

    Mary Cheney (former Vice President for Consumer Advocacy)[96]

    Elwood Edwards (Voice actor for "You've got Mail")[97]

    Randy Falco (former CEO and Board Chairman)[98]

    Justin Frankel (Nullsoft founder)[99]

    Maureen Govern (former CTO)[100]

    Ron Grant (former President and COO)[101]

    Alexander Haig (former Director)[102]

    Michael Jones (former CEO of Userplane)[103]

    Jim Kimsey (former CEO and Board Chairman)[104]

    Ted Leonsis (Vice Chairman, President AOL Audience Group)[105]

    Gerry Campbell (former Senior Vice President, AOL Search)[106]

    Joanna Lumley (UK voice for "You've got post.")[107]

    Jonathan Miller (former CEO and Board Chairman)[108]

    Robert W. Pittman (former President)[109]

    Michael Powell (involved during merge with Time Warner)[110]

    Barry Schuler (former CEO)[111]

    Marc Seriff (former CTO)

    Jean Villanueva (former Vice President of Corporate Communications, married Steve Case in 1998)

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    In popular culture

    America Online is mentioned in You've Got Mail. The You've Got Mail voice was also heard in the AOLDemo video.

    In episode 120 ("Tiki Lounge") of Malcolm in the Middle, Malcolm complains that the booster club auctionitems are all embarrassingly worthless. One of the items in the auction was an AOL startup disc. This wasprobably a reference to the high volume of startup discs given out by the company (see also Urban DictionaryAOL Disc (http://www.urbandictionary.com/define.php?term=AOL%20Disc), AOL Frisbee(http://www.urbandictionary.com/define.php?term=AOL%20Frisbee), and related terms).

    In the American comedy TV show Crank Yankers, one of the show's puppet characters Special Ed (voiced byJim Florentine) tries to get customer support from a computer repair company, repeatedly saying the AOLcatchphrase "I've got mail, YAY!" throughout his prank phone call. The routine has become somewhat of aninternet sensation, contributing to the popularity of the Special Ed character.

    See also

    .art

    AOL Explorer

    AOL Instant Messenger

    AOL MailAOL Radio

    AOHellComparison of webmail providers

    Criticism of AOLDot-com bubbleInside-AOL.com

    Live365Sessions@AOL

    Truveo

    References

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    2. ^ [1] (http://o.aolcdn.com/os/portal/launch/welcomef.html). AOL.com (December 10, 2009). Retrieved onMay 23, 2013.

    3. a b c d e f "AOL 2012 Annual Report, Form 10-K, Filing Date Feb 24, 2012"(http://edgar.secdatabase.com/908/119312513084847/filing-main.htm). secdatabase.com. Retrieved August 28,2013.

    4. ^ Lunden, Ingrid. "AOL Reorganizes Into Membership, Brand And Ad Units [Incl Armstrong's Memo]"(http://techcrunch.com/2012/06/29/aol-reorganizes-into-membership-brand-and-ad-units-incl-armstrongs-memo/). TechCrunch. Retrieved 6/29/12.

    5. ^ "International Services About AOL" (http://about.aol.com/international_services).

    6. ^ "Company Overview" (http://corp.aol.com/about-aol/company-overview). aol.com. Retrieved May 7, 2009.

    7. a b Goldfarb, Zachary and Sam Diaz (September 18, 2007). "AOL Moving Executives, Headquarters to NewYork" (http://www.washingtonpost.com/wp-dyn/content/article/2007/09/17/AR2007091700415.html). TheWashington Post. Retrieved May 7, 2009.

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    item=UGFyZW50SUQ9MTYwNjUwfENoaWxkSUQ9LTF8VHlwZT0z&t=1). AOL Investor Relations.Retrieved November 6, 2012.

    9. ^ Holahan, Catherine (July 31, 2006). "Will Less Be More for AOL?"(http://www.businessweek.com/technology/content/jul2006/tc20060731_168094.htm). BusinessWeek.Archived(https://web.archive.org/web/20060903070936/http://www.businessweek.com/technology/content/jul2006/tc20060731_168094.htm?) from the original on 3 September 2006. Retrieved August 1, 2006.

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    External links

    Official website (http://corp.aol.com/)

    Nieman Journalism Lab. "AOL" (http://www.niemanlab.org/encyclo/aol). Encyclo: an encyclopedia ofthe future of news. Retrieved 1 April 2012.AOL (https://web.archive.org/web/19961220154903/http://www.aol.com/index.jsp) at the Wayback

    Machine (archived December 20, 1996)

    Retrieved from "http://en.wikipedia.org/w/index.php?title=AOL&oldid=602368580"

    Categories: AOL Companies based in Dulles, Virginia Companies based in New York City

    Companies established in 2009 Companies established in 1983

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