America Online (AOL) has reported quarterly earnings of $334
million for the period ending 30th June. These results have been
attributed to its growth in advertising, electronic commerce and
subscription, as well as its planned merger with Time Warner
Inc.
AOL’s number of subscribers has risen by more than 900,000 to a
total of 23.2 million. The company expects these figures to
continue growing in the near future, especially as it intends to
launch its new ‘AOL Anywhere’ project. This will provide users with
access to the internet from several different sources.
The planned merger with Time Warner Inc. may also have helped
boost AOL’s profits. The deal is not expected to be completed until
the autumn and it is still awaiting approval form US regulators. A
public hearing is to be held next week to determine whether the
merger should go ahead unopposed.
