Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
NEW YORK AOL Time Warner yesterday reported that second-quarter ad revenue for its struggling America Online division plummeted 48 percent compared to the year-earlier period.
The New York-based media giant attributed the falloff to the reduction of benefits of prior-period contract sales of about $140 million, as well as lower inter-company revenues.
Overall Q2 revenue for the Internet unit was $2.1 billion, down 6 percent from $2.3 billion in the year-ago quarter.
The America Online results were released as a part of AOL Time Warner’s second-quarter earnings report.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in