PaidContent: Washington Post says AOL to cut more than 700 jobs

Anonymous sources say AOL will cut about 700 jobs just in time for Christmas (and bonus season), trying to deliver the $1 billion in cash it promised parent company Time Warner. Ad sales improvements - estimated by analysts to have grown by about a quarter, tracking roughly with wider industry growth - haven't made up for a continuing exodus in dial-up internet subscribers. The cuts are expected to hit primarily in the Vienna, VA headquarters.