Not likely to be a sustainable business model…
Revenues at AOL fell by 26 per cent in the third quarter, hit by sharp declines in advertising and subscription sales.
[…]
In spite of the revenue slump, net income jumped 132 per cent to $171.6m, or $1.60 a share, from $74m or 70 cents per share a year ago, thanks to asset sales.
AOL sold instant messaging service ICQ in April for $187.5m, less than half of the $400m it paid for it in 1998. In June it sold Bebo, the social networking site it bought for $850m in 2008, reportedly for less than $10m.
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