$48
milliondecrease in AOL’s profit
between this quarter and the
same quarter a year ago
4.6
millionnumber of people who STILL subscribe to AOL’s legacy service after all these years source
» Why the cruddy profits? It’s worth keeping in mind that AOL is a different company than it was a year ago. The company, fresh after leaving the disastrous merger with Time Warner which hurt both companies, is in the midst of making a big push into content, away from its core subscription business. (Disclosure: We freelance for AOL News occasionally.) Even considering that, their profit picture is significantly lower than expected – instead of the analyst-expected 70 cents per share, they could only muster 39 cents per share. Part of this is due to the quickly-falling legacy subscriber base and part of it is due to continuing advertising declines.
The politics and the economics are much better now and the policies are better. They’ve made advances over where we were.
Bill Clinton • On why now’s a better time to sell the idea of universal health care than that dark time when Ace of Base was on the radio back in the early ’90s. On a side note, we were listening to Bush today. Remember them? They were dope! • source
He is not going to say by 2020 I’m going to reduce emissions by 30%. He’ll have a revolution on his hands. He has to do it step by step.
Rajendra Pachauri • Head of the Intergovernmental Panel on Climate Change (IPCC), on the domestic pressures Barack Obama faces on climate cuts. Obama has called for 80% carbon cuts by 2050, but 2020 might be too soon for pushing through such a policy. • source