AOL's revenue from new sources misses expectations
Article Abstract:
AOL reported profits for its first fiscal qtr, ended Sep 20, 1997. A net income of $19.2 million, or 16 cents a share, was posted by the ISP. The company's revenue rose 49% however, its new revenue makers, advertising and electronic sales did not do as well as anticipated. AOL reported $521.6 million in revenue, compared to the $350 million reported in 1996 when the company took a charge of $385.2 million for a marketing expenses. AOL's chmn, Steve Case, claimed the company did not meet its expected revenue from advertising and electronic commerce for two basic reasons. The first is a new method in recording its subscriber revenue and the second is due to AOL's scaling back its telemarketing efforts. Case boasted that the conservative accounting practices and the company's backlog of marketing agreements has positioned AOL for strong grow in the future.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Four Bells link on-line forms of yellow pages
Article Abstract:
Ameritech, Pacific Bell, US West and BellSouth have decide to combine their on-line, electronic Yellow Pages to offer a joint information service to their customers. The companies have determined that the best way for them to draw traffic to their site is by being as visible as possible. The Yellow Pages industry is anticipating $11.5 billion in ad revenue during 1997. Approximately 80% of that money will go directly to the Bells. A full-page ad on the Internet directory service runs about $2,000 a year, compared to the $50,000 the same size ad would cost in print makes on-line advertising an increasingly popular choice. Rivals of the Bells call the combined effort anticompetitive, but the Bells claim their customers will benefit from the system.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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AT&T and partners pressure Excite At Home
Article Abstract:
AT&T Corp. and its other cable television partners are putting pressure on Excite At Home Corp. to better meet the strong demand for its high-speed Internet-access service. This topic was the subject of a recent conference of Excite At Home and the group of cable operators that back it. AT&T is concerned about the pace and quality of field installation, maintenance of the backbone network and customer support by Excite At Home. AT&T must resolve the service's capacity problems promptly, since it hopes to have a million Excite At Home subscribers by the end of next year, up from the current 133,000.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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