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AOL to cut about 700 jobs

     
3:24 am on Jan 29, 2009 (gmt 0)

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[uk.reuters.com...]

Time Warner Inc's (TWX.N) AOL will cut about 700 jobs, or 10 percent of its workforce, as it copes with an advertising slump, in a move that could make the slimmed-down company more attractive to possible merger partners like Yahoo Inc (YHOO.O).

6:42 am on Jan 29, 2009 (gmt 0)

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I started to whip out a not so nice giggle on this report, then I remembered back to the old days when I was running a BBS and AOL grew from a BBS not much bigger than the one I was running into the little monster it has now shrunk to. Puts things into perspective.

Everything is getting gobbled up these days! Guess it will be me, next!

10:13 pm on Jan 29, 2009 (gmt 0)

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more attractive to possible merger partners like Yahoo

I note that Yahaol.com is already owned by AOL LLC ... perhaps they're thinking ahead ;)

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