13Sep/09Off
Flat Top
AOL Chief Tells Analysts That Flat Traffic Growth Is ‘Up For Us’ (Deadline Hollywood)
You see, AOL's numbers had been "artificially pumped up" by "bad distribution
deals," AOL CEO Tim Armstrong told analysts at the UBS Annual Global Media and
Communications Conference. Now that the company is unwinding those deals,
"flat is actually up for us." Armstrong says that he has three main
priorities: increase AOL's unique visitors, boost display advertising, and
find ways to generate cash from the company's growing Patch local news
service. Armstrong plans to invest in Patch and the Huffington Post, which he
says both will benefit from political advertising in 2012. "Everyone reads the
Huffington Post in D.C.," he says. Investors are skeptical about AOL's
prospects especially following the departure of several top executives; its
shares are down nearly 39% in 2011. Armstrong says that "you may not like the
strategy" AOL has. "But we have a strategy."
Flat Top haircut
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