AOL Posts Q1 Earnings, Ad Sales Fall To $354.3 Million

[engine]

AOL Posts Q1 Earnings, Ad Sales Fall To $354.3 Million [online.wsj.com]

AOL Inc.'s first-quarter earnings fell 58% as advertising revenue dropped, a decline the Internet company blamed on a restructuring of its sales force.

Advertising sales, the New York-based Internet portal's key revenue sources, dropped 19% to $354.3 million as the company shed salespeople in order to reduce costs. In its earnings release, the company cautioned investors that "AOL continues to experience significant revenue declines."

[bill]

I hadn't visited the AOL portal since it became Aol. How far they have fallen...

I don't envy Mr. Armstrong in his task here. That's a significant decline.