After Layoffs, Closing 30 Sites, AOL Gets 'Buy' Rating
Analysts at UBS have given AOL’s stock a “buy” rating, up from “neutral,” reports SAI.
It’s because AOL’s getting bigger CPMs for its big ads and traffic has stabilized.
Not mentioned in the UBS report was the closure of 30 AOL-branded blogs, including Politics Daily, WalletPop, Urlesque and TV Squad, or the cuts of 200 stateside editorial employees and hundreds of overseas staff. In fact, there is probably no connection. We’re not even sure why we mentioned it.
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