Mixed Quarter for AOL

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

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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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