AOL's Armstrong: Content Must Improve

Online content can be “much better” — and its improvement will be the focus of the next development stage of the Internet, AOL chairman and CEO Tim Armstrong said Friday.

“That’s why we are making such a big bet there,” he said during a keynote appearance at the annual Media and Money Conference in New York. Adweek parent the Nielsen Co. and Dow Jones co-hosted the event.

He argued that the first wave of Internet development focused on access; then platforms — from Facebook to iTunes — were in focus.

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