AdWeek: AOL Q1 Operating Profit Up, Revenue Flat

AOL, still suffering from expectations borne of sucker deals made in the Internet boom and generous self-dealing between Time Warner properties, reported ad revenues for the first quarter that were about five percent less than last year's. Subscriber losses, still in the hundreds of thousands, slowed in the quarter, and subscriber revenues actually increased due mostly to currency fluctuations. Total revenue was a flat $2.19 billion.