Record loss AOL through redemptions
The figures of the media group came scarcely as a surprise. Before announced AOL TW already at that the 54 billion dollar had to write off, one of the largest redemptions ever. This is the consequence of new boekhoudrules that in the U.S. count.
The volume of trade about the first quarter came from on 9.8 billion dollar, while the EBITDA-result positively was with 2.05 billion dollar. This is the figure by which loads, interest and redemptions are not counted.
The group says obtained are subscriptions money to have good results out and out its cable-activities. Also the success of Harry Miser and Lord or the Rings in the movie theaters contributed positively.
Large points of care remain as yet the yet always disappointing advertisement-earnings. The volumes of trade from advertisements and e-commerce took off with 31 per cent. Also for the coming period remains AOL quite careful as a consequence of the bad market. For the whole year expects AOL what EBITDA concerned between the 5 and 9 per cent to grow.,. Before became yet started from a growth percentage between the 8 and 12 per cent.