Wednesday, April 10, 2002

WSJ.com: Robert Pittman Returns to Run AOL Unit as Revenue Slumps "Now, Mr. Pittman is commuting back to America Online's campus in Dulles, Va., on a corporate rescue mission. America Online -- once considered the jewel of the combined company -- has lost its luster as the advertising business slumped and Internet growth slowed. Last year, America Online's revenue per U.S. subscriber dropped 6%, despite a 9% price increase. ... A glaring omission from Mr. Pittman's note was any mention that America Online's subscriber growth, which launched the company to its pre-eminence over the past decade, is slowing. In the past, he has said that isn't an issue for the company. Also of concern to analysts is a slow rollout of AOL's high-speed online service."
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