AOL to Move from Virginia to New York
AOL is moving its bigwigs from the leafy suburbs of the nation's capital to the Big Apple. The Associated Press reports that the Internet giant will move most of its senior executives from Dulles, Va., to New York as part of a plan to complete a move from the company's long-time identity as an Internet provider to an ad-driven business.
(Let us all bow our heads in a moment of silence for the AOL CDs that came to us in the mail, stalked us at computer stores, called to us from post office displays.)
The new AOL headquarters will be at a 15-story building in Greenwich Village just south of Union Square... The announcement comes a little more than a year after AOL accelerated efforts to drive traffic to its ad-supported Web sites by giving away AOL.com e-mail accounts, software and other features once reserved for paying customers.
AOL also announced a deal with computer maker Hewlett-Packard to have an AOL-HP branded portal as the default home page on the Web browsers installed on HP machines.
Data shows that subscriptions to the service had been plummeting. AOL had 10.9 million paying U.S. subscribers as of the end of June. That's a 60 percent drop from its peak of 26.7 million in September 2002.
4:50 PM ET | 09-17-2007 | permalink
