Please note: The AOL losses have to do with writedowns of goodwill, and not actual "loss on operations"... removing these writedowns, the thing still makes money.
The problem stems from the massive over value of AOL at the time of the merger, along with it's declining subscriber base caused most likely by a compbination of MSN, earthlink, and local high speed services.
45 billion writedown this quarter, a total of almost 100 billion in the last 12 months... someone was really out to lunch when this deal got valued.
Alex
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Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds
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