4 posts and columns on restructuring charges

AOL’s Golden Parachutes: $28.4 Million for Four Former Executives

in Media on March 16, 2010 at 5:45 am PT

Want to make money? Become a former AOL executive. The Web publisher paid out $28.4 million in cash and stock to four top executives it replaced last year. It will pay some of them millions more this year.

Palm Disappoints

in News on December 17, 2009 at 1:26 pm PT

The second-quarter loss Palm reported Thursday afternoon was narrower than the one it reported last year, but still fell far short of what Wall Street had been expecting. The company did manage to ship a total of 783,000 smartphone units during the quarter, though, a five percent decrease from last quarter but a year-over-year increase of 41 percent.
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AOL’s Mass Layoffs Will Cost $200 Million

in Media on November 12, 2009 at 5:43 am PT

AOL formally acknowledged that it plans on a round of very large cuts: In a filing with the Securities and Exchange Commission, the Time Warner unit said it plans on taking up to $200 million in restructuring charges through the first half of 2010. Earlier this week, Kara Swisher reported that AOL’s coming spinoff would be followed by layoffs of up to 1,000 employees.

Time Warner Gives Wall Street a Pleasant Surprise, but Has Bad News for Time Inc. Employees

in Media on November 4, 2009 at 4:09 am PT

Yesterday, Viacom told Wall Street that its third quarter had been better than most analysts expected. Today Time Warner delivered a similar report: Revenue was on track, but cost savings improved the bottom line. That won’t help hundreds of Time Inc. employees who face job cuts this quarter. Meanwhile, the company can’t ditch AOL soon enough: It has already spent $100 million prepping it for a spinoff this year.
bewkes