America Online’s outlook has been reduced by parent AOL Time Warner citing continued weakness in online advertising.
Full-year revenues for advertising and commerce are expected to be $1.7 billion, but could be as much as 5% lower. Previously the company had estimated that that figure would be $1.8 billion to $2.2 billion, according to news reports.
The revisions are not surprising. AOL is under investigation by federal regulators for it accounting practices and advertising revenues continue to slide.
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