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AOL-Time Warner's Money Pit
ElitusPrime writes: "There's an interesting analysis of the recently released balance sheet net worth of AOL Time Warner. The net worth of the largest media conglomerate on earth has now been slashed by more than one-third. The conclusion, not surprisingly, is that the merger never should have happened. But there's some interesting financial analysis to show exactly how bad the merger has been for Time Warner."
AOL just didn't do enough advertising. Especially on its TW media outlets.
pr0n - keeping monitor glass spotless since 1981.
Did you know, for example, that AOL Time Warner, at latest tally, has nearly 13 million square feet of office space on its books?
And that's just the CEO's office!
Attention all planets of the Solar Federation! We have assumed control! - Neil Peart
AOL charges $10+ more a month than most other ISPs how could they be losing money?
-= I can't think of anything witty, creative, or insightful for my sig, so deal with this. =-
time warner employee's all had to switch to aol service, and that shit is expensive!
MARIJUANA, SHROOMS, X: ONLINE?! - E
From the article:
"You can get as much of a return by investing in a U.S. government bond these days as you can from throwing your money into the AOL Time Warner black hole."
Uncle Sam should definitely co-opt this for advertising: "U.S. savings bonds: not as bad as investing in AOL."
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Aol cant afford to send me those dopey cd/frisbees anymore!! Yippee
"All I can tell the "lesser of two evils" folks is that if they keep voting for evil, they'll keep getting evil."-Lp.org
They probably just wanted to send out a couple of samples, but due to programming deficiencies ended up in an infinite loop and now they can't stop sending people free CD's.
Finally, after all these years, the costs of sending out free AOL CDs has finally caught up with them!
Slashdot it one to talk about money pits.
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An Open Letter to our Stock Holders
We here at AOL Time Warner believe that our quality service and ability to deliver content rich applications can be leveraged in many areas of society. Therefore we have instituted an agressive expansion plan that will allows us to better serve our customers and the American Society at large. We are excited about the future of AOLTimeWarner and hope you will be too.
First, We have managed to secure the National Public School system in an asset swap with the US Government (The FBI REALLY wanted to get thier hands on our extensive Consumer Databases, plus the Republicans are in power.)
Secondly, we have bought out the rights for the bible (for our exclusive broadcast rights in China) Jesus now isn't only pitching Peace and Love, but also Gillmore Girls.
Finally, we have obtained exclusive rights to the Milky Way from the governing body (this was a hard negotiation, wich boiled down to us stopping all transmissions of Smallville into space) Now rednecks (our number 3 customers, behind Teenagers and Algae) will no longer have to worry about any "Recreational Anal Probes"
I am pleased to bring you these changes and I hope to see you at the next stock holders meeting.
Richard Parsons, CEO