AOL Posts $11.8 Million Loss for Q2
AOL posted its Q2 earnings this morning, and it’s mostly bad news for the company. Despite a five percent bump in advertising dollars for the quarter, subscription rates – yes, some people STILL pay for AOL – were down 23 percent, and Patch continues to be a money pit for the company.
Tim Armstrong, CEO of AOL, tried to keep the focus on the ad increases, of course. “AOL’s return to global advertising growth for the first time since 2008 reflects the hard work of our team andanother meaningful step forward in the comeback of the AOL brand,” he said.
But
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