Mixed Quarter for AOL

Slight rise in ad revenues, as Armstrong touts company's premium content

AOL chief Tim Armstrong says that he wants to build his company into one of the world’s leading media concerns. The road there is proving a little bumpy.

In their Q2 earnings call to analysts and investors this morning, AOL managers revealed that while ad revenue was up for the first time since 2008 (with a 5 percent rise in ad revenue from a year ago and a growth last quarter in display ad revenue for the first time ever), overall revenues saw a decline of 8 percent year over year to $542.2

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