Doing the AOL reshuffle - again
Reuters | at | by Mike
AOL Time Warner Inc. was expected to announce a new round of executive reshuffling at its AOL Internet unit on Wednesday as it tries to revive growth at the online business, sources familiar with the situation said. The AOL unit, suffering from slower growth as it expands into high-speed services and anemic online advertising, has already announced some top-level changes. The shares were off 40 percent from the beginning of the year, underperforming its rivals, and down about 70 percent since AOL agreed to buy Time Warner in 2000.