AOL Inc. (Previously Known As America AOL Inc
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4/8/2014 AOL - Wikipedia, the free encyclopedia AOL Coordinates: 40.7308°N 73.9914°W From Wikipedia, the free encyclopedia AOL Inc. (previously known as America AOL Inc. Online, written as AOL and styled as "Aol." but commonly pronounced as an initialism) is an American multinational mass media corporation based in New York City that develops, grows, and Type Public invests in brands and web sites.[4] The company's business spans digital Traded as NYSE: AOL distribution of content, products, and (http://www.nyse.com/about/listed/quickquote.html? services, which it offers to consumers, ticker=aol) publishers, and advertisers. Industry Media Founded in 1985 as Quantum Computer Founded 1983 as Control Video Corporation Services, an online services company by 1991 as America Online, Vienna, Virginia (Tysons Jim Kimsey from the remnants of Control Corner), U.S.[1] Video Corporation, AOL has franchised 2006 as AOL its services to companies in several nations 2009 as Aol.[2] around the world or to set up international Headquarters 770 Broadway versions of its services.[5] AOL is New York City, New York, U.S. headquartered at 770 Broadway in New York[6][7] but has many offices in cities Area served Worldwide throughout North America. Its global Key people Tim Armstrong offices include Bangalore, India; Dreieich, (Chairman and CEO) Germany; Dublin, Ireland; London, United Kingdom; and Tel Aviv, Israel. As of Services Online services October 2012, it serves 2.9 million paid Revenue $2.19 billion (FY 2012)[3] [8] and free domestic (US) subscribers. Operating $1.201 billion (FY 2012)[3] income AOL is best known for its online software suite, also called AOL, that allowed Net income $1.048 billion (FY 2012)[3] customers to access the world's largest Total assets $2.797 billion (FY 2012)[3] "walled garden" online community and [3] eventually reach out to the Internet as a Total equity $2.137 billion (FY 2012) whole. At its peak, AOL's membership Employees 5,600 (Dec 31, 2012)[3] was over 30 million members Website corp.aol.com (http://corp.aol.com) [9] worldwide, most of whom accessed the www.aol.com (http://www.aol.com/) AOL service through the AOL software blog.aol.com (http://blog.aol.com/) suite. AOL was ranked fourth (behind the Web, email, and graphic user interfaces) in a 2007 USA Today retrospective on the 25 events that shaped the first 25 years of the Internet[10] and was named to the ".com 25" by a panel of Silicon Valley influencers on the occasion of the same anniversary.[11] In 2000, AOL purchased Time Warner, the deal structured as a merger under the name AOL Time Warner.[12] The merger was not fruitful and on May 28, 2009, Time Warner announced that it would spin off AOL into a separate public company. The spinoff occurred on December 9, 2009,[13] ending the eight-year relationship between the two companies.[14] http://en.wikipedia.org/wiki/AOL 1/17 4/8/2014 AOL - Wikipedia, the free encyclopedia Since then, AOL has begun to substantially change its business model reinventing itself as a brand company under the guidance of CEO Tim Armstrong, creating and acquiring a range of content properties. Major acquisitions include the purchase of technology news blog TechCrunch in September 2010,[15] and on February 7, 2011, the purchase of The Huffington Post.[16] Other AOL brands include Moviefone, Engadget, Stylelist, MapQuest and Cambio.[17] Contents 1 History 2 Products and services 3 Corporate social responsibility 4 Criticism 5 Company purchases 6 Notable people 7 In popular culture 8 See also 9 References 10 External links History 1980s: foundations AOL began as a short-lived venture called AOL release timeline Control Video Corporation (or CVC), founded GameLine for the Atari 2600 video game by Bill von Meister. Its sole product was an online 1983 console service called GameLine for the Atari 2600 video game console after von Meister's idea of buying 1985 Quantum Link for Commodore 64- and 128 music on demand was rejected by Warner 1988 AppleLink for Apple II and Macintosh Bros..[18] Subscribers bought a modem from the 1988 PC Link for IBM PC compatibles company for 49.95 USD and paid a one-time America Online for Macintosh received as a 1989 15 USD setup fee. GameLine permitted popular Apple Macintosh BBS subscribers to temporarily download games and February 1991 AOL for DOS launched keep track of high scores, at a cost of 1 USD per AOL 2.0 for the Apple Macintosh released, game. The telephone disconnected and the January 1993 AOL 1.0 for Microsoft Windows 3.x downloaded game would remain in GameLine's launched Master Module and playable until the user turned AOL 1.5 for Microsoft Windows 3.x June 1994 off the console or downloaded another game. released September AOL 2.0 for Microsoft Windows 3.x The original technical team was composed of Marc 1994 released Seriff, Tom Ralston, Ken Huntsman, Janet Hunter, AOL 2.5 for Microsoft Windows 3.x June 1995 Dave Brown, Steve Trus, Ray Heinrich, Mike released Ficco, Craig Dykstra, and Doug Coward. AOL 3.0 (Win16) for Windows June 1995 In January 1983, Steve Case was hired as a 3.x/Windows 95/Windows NT released marketing consultant for Control Video on the recommendation of his brother, investment banker June 1996 AOL 3.0 for Windows 95 released http://en.wikipedia.org/wiki/AOL 2/17 4/8/2014 AOL - Wikipedia, the free encyclopedia Dan Case. In May 1983, Jim Kimsey became a July 1998 / AOL 4.0 (Casablanca) and Refresh 2 manufacturing consultant for Control Video, which June 1999 released September was near bankruptcy. Kimsey was brought in by AOL 5.0 (Kilimanjaro) released his West Point friend Frank Caufield, an investor in 1999 the company.[18] In early 1985, Von Meister June 2000 AOL 5.0 for 9x/NT/2K (Niagara) released quietly left the company. October and AOL 6.0 (K2 – Karakorum) and Refresh December released On May 24, 1985, Quantum Computer Services, 2000 an online services company, was founded by Jim September AOL 6.0.2 for XP (Steppenwolf) launched Kimsey from the remnants of Control Video with 2001 Kimsey as Chief Executive Officer and Marc Seriff October and as Chief Technology Officer. Out of 100 December AOL 7.0 (Taz) and Refresh 1, Refresh 2, employees from Control Video, only 10 were 2001, May and Refresh 2 Plus released retained for the new company,[18] one of which and July 2002 was Steve Case, who got promoted to vice- October 2002 AOL 8.0 (Spacely) released president of marketing. In 1987, Case was April 2003 AOL 8.0 Plus (Elroy) launched promoted again to executive vice-president. August and AOL 9.0 Optimized (Bunker Hill / Blue Kimsey soon began to groom Case to ascend to September Hawaii) and Refresh released the rank of CEO, which he did when Kimsey 2003 retired in 1991. AOL 9.0 Optimized SE/LE (Thailand / Tahiti) May 2004 released Kimsey changed the company's strategy and in November AOL 9.0 Security Edition SE/LE (Strauss) 1985, launched a dedicated online service for 2004, July and Refresh released Commodore 64 and 128 computers, originally 2005 called Quantum Link ("Q-Link" for short). The August 2005 Quantum Link software was based on software to March AOL Suite Beta launched (cancelled) licensed from PlayNet, Inc, (founded in 1983 by 2006 Howard Goldberg and Dave Panzl). In May 1988, September Quantum and Apple launched AppleLink Personal 2006, March AOL OpenRide (Streamliner) launched Edition for Apple II and Macintosh computers. In 2007 August 1988, Quantum launched PC Link, a AOL 9.0 VR and Refresh (Raga) released November service for IBM-compatible PCs developed in a (AOL 9.0 for Microsoft Windows Vista but 2006, April joint venture with the Tandy Corporation. After the also works with Microsoft Windows 98, 2007 company parted ways with Apple in October ME, 2000 and XP) 1989, Quantum changed the service's name to September AOL Desktop for Mac Beta released America Online.[19][20] 2007 October 31, AOL 9.1 (Tarana) released Steve Case positioned AOL as the online service 2007 for people unfamiliar with computers, in particular December AOL Desktop (a.k.a. AOL 10.0) launched contrast to CompuServe, which had long served 2007 the technical community. The PlayNet system that May 2008 AOL Desktop for Mac 10 officially launched AOL licensed was the first online service to require September AOL Desktop 10.1 released use of proprietary software, rather than a standard 2008 terminal program; it also offered a graphical user February and interface (GUI) instead of command lines, and was November AOL 9.5 and 9.5 Refresh released (Classic) well ahead of the competition in emphasizing 2009 communication among members as a November [citation needed] AOL Desktop 9.6 feature. 2010 December AOL Desktop 9.7 2011 http://en.wikipedia.org/wiki/AOL 3/17 4/8/2014 AOL - Wikipedia, the free encyclopedia From the beginning, AOL included online games in its mix of products; many classic and casual games were included in the original PlayNet software system. In the early years of AOL the company introduced many innovative online interactive titles and games, including: Graphical chat environments Habitat (1986–1988) and Club Caribe (1988) from LucasArts. The first online interactive fiction series QuantumLink Serial by Tracy Reed (1988). Quantum Space, the first fully automated Play by email game (1989–1991). 1990s: a new internet age In February 1991, AOL for DOS was launched using a GeoWorks interface followed a year later by AOL for Windows.