This 12 January, 2001, file photo shows the new AOL Time Warner corporate logo on the former Time Warner Building in New York's Rockefeller Center. US media and entertainment giant Time Warner Inc. reported a 14-percent drop in quarterly net profit on April 29, 2009 on weak ad sales and disappointing results at troubled Internet unit AOL.. Reporting its earnings for the first time since spinning off Time Warner Cable, Time Warner said net profit fell to 661 million dollars in the first quarter from 771 million dollars in the same quarter a year ago. Getty Images logo Getty Images 6 months ago

This 12 January, 2001, file photo shows the new AOL Time Warner corporate logo on the former Time Warner Building in New York's Rockefeller Center. US media and entertainment giant Time Warner Inc. reported a 14-percent drop in quarterly net profit on April 29, 2009 on weak ad sales and disappointing results at troubled Internet unit AOL.. Reporting its earnings for the first time since spinning off Time Warner Cable, Time Warner said net profit fell to 661 million dollars in the first quarter from 771 million dollars in the same quarter a year ago.

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  1. AOL Chairman and CEO Tim Armstrong pauses during an interview at the Newseum in Washington, October 1, 2009. The interview is part of the first day of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  2. AOL Chairman and CEO Tim Armstrong speaks during an interview at the Newseum in Washington, October 1, 2009. The interview is part of the first day of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  3. AOL Chairman and CEO Tim Armstrong refers to one of his company's new 'patch' websites during an interview at the Newseum in Washington, October 1, 2009. The interview is part of the first day of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  4. Online voters selected the AOL Running Man as one of two favorite icons to be inducted in to the Madison Avenue Advertising Walk of Fame, beating out 25 other popular mascots, Advertising Week announced today. The Running Man joins previous winners, including Mr. Peanut, the Pillsbury Dough Boy, the Kool-Aid Man, and Colonel Sanders, on the Advertising Walk of Fame, located in New York City on Madison Avenue between 49th and 50th Streets. Additionally, the AOL Running Man will be recognized in the Advertising Icon Museum. This year also marks the 13th birthday of the AOL Running Man.
  5. News of AOL cutting 2,500 jobs is seen on an electronic news ticker in New York, November 19, 2009. Web company AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spin-off from Time Warner Inc.
  6. A woman walks out of AOL offices in New York, November 19, 2009. AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc. The struggling Web pioneer, which is now focused primarily on advertising-supported content, said on Thursday that it would start with a volunteer buyout program and move on to involuntary layoffs if enough workers do not step up.
  7. The AOL logo is seen on the outside of the building housing the companies corporate headquarters in New York in this May 28, 2009 file photo. Web company AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spin-off from Time Warner Inc.
  8. Jeff Bewkes (C), Chairman and CEO of Time Warner, departs after an interview at the Newseum in Washington, October 2, 2009. The interview was part of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  9. Jeff Bewkes, Chairman and CEO of Time Warner, gestures during an interview at the Newseum in Washington, October 2, 2009. The interview was part of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  10. Jeff Bewkes, Chairman and CEO of Time Warner, smiles during an interview at the Newseum in Washington October 2, 2009. The interview was part of the First Draft of History event, held by the Atlantic Magazine and the Aspen Institute to bring together newsmakers, historians and journalists.
  11. News of AOL cutting 2,500 jobs is seen on an electronic news ticker in New York, November 19, 2009. Web company AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spin-off from Time Warner Inc.
  12. A woman walks out of AOL offices in New York, November 19, 2009. AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc. The struggling Web pioneer, which is now focused primarily on advertising-supported content, said on Thursday that it would start with a volunteer buyout program and move on to involuntary layoffs if enough workers do not step up.
  13. The AOL logo is seen on the outside of the building housing the companies corporate headquarters in New York in this May 28, 2009 file photo. Web company AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of its planned spin-off from Time Warner Inc.
  14. NEW YORK - NOVEMBER 16: Brooke Shields and HDRF Founder and Chairman, Audrey Gruss attends the Hope for Depression Research Foundation Seminar at Time Warner Center on November 16, 2009 in New York City.
  15. NEW YORK - NOVEMBER 16: Brooke Shields and HDRF Founder and Chairman, Audrey Gruss attends the Hope for Depression Research Foundation Seminar at Time Warner Center on November 16, 2009 in New York City.

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  2. Cast members Till Schweiger (L) and Nora Tschirner arrive for the premiere of the movie "Zweiohrkueken" in Berlin November 24, 2009.
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  11. First Lady Michelle Obama meets with Mrs. Gursharan Kaur in the Yellow Oval Room of the White House, Tuesday, Nov. 24, 2009 in Washington.
  12. People tie up legs of a camel to load on truck at a market ahead of Eid-ul-Adha in Lahore, Pakistan on Tuesday, Nov. 24, 2009. Eid-ul-Adha, or the Feast of the Sacrifice, is celebrated to commemorate the prophet Ibrahim's faith in being willing to sacrifice his son.
  13. Pakistani camel sellers wait for customers at a market ahead of Eid-ul-Adha in Lahore, Pakistan on Tuesday, Nov. 24, 2009. Eid-ul-Adha, or the Feast of the Sacrifice, is celebrated to commemorate the prophet Ibrahim's faith in being willing to sacrifice his son.
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  15. Cars pass Christmas illuminations in Berlin, Tuesday, Nov. 24, 2009. Like every year during the holiday season, one of Berlin's main shopping streets, the Kurfuerstendamm, is lit with numerous lights. In the background is the Gedaechtniskirche.
  16. Christmas illuminations stand in Berlin, Tuesday, Nov. 24, 2009. Like every year during the holiday season, one of Berlin's main shopping streets, the Kurfuerstendamm, is lit with numerous lights. In the background is the Gedaechtniskirche.