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AOL CEO Tim Armstrong Says $315M Investment in Huffington Post Has Paid Off

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Following the company’s earnings report Wednesday morning, AOL (NYSE: AOL) CEO Tim Armstrong came onto CNBC’s Street Signs to give a bit of color to the company’s report. Below are some highlights:

 

How do you Feel About the Earnings Report?

  • The company (AOL) has clear strategy, and is showing clear results 

 

On the Decline in Subscription Revenue

  • The declines have been moderated - Advertising is the majority of company’s revenue now, and is up year over year
  • Many great companies are posting good earnings with ads

 

On “Expensive” Acquisitions

  • Strategy starts and finishes where the world is going
  • The world is going towards video, the expensive acquisition of Huffington Post has turned into a deal

 

On the company’s investments

  • Tim Armstrong says investment in Patch is turning out well -Investing where consumer and advertiser interest is
  • Making big bold bets into the future

Shares of AOL are down 9.85 percent to $37.34 at the time of this writing.

Posted-In: Huffington Post Patch Tim ArmstrongCNBC News Management Tech Media Best of Benzinga

 

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