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

Following the company’s earnings report Wednesday morning, AOL 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

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