AOL 1Q profit slumps as ads, subscriptions wane
Wednesday, April 28, 2010 - 14:02
in Mathematics & Economics
(AP) -- Very little went right for AOL Inc. in the first quarter as it cut way back on staff and tried to refocus its business. The Internet company said Wednesday that tumbling online advertising revenue, along with restructuring costs, led to a 58 percent drop in first-quarter net profit.