AOL Time Warner second-half ad income stable

Global biggest Internet and media company US AOL Time Warner announced that the ad income in the second half of this year would be stable, among which 23% comes from ad while another 42% is earned from a series of M&A moves. CEO Gerald Levin sad that the company has not changed the profit forecast for Year 2001 and predicted that the EBITDA for this year would stand at US$11 bln while the income reach US$40 bln. The company has no staff-trimming plan but does not rule out the freewill dismission after the implementation of M&A plan.

AOL Time Warner gained 5.94% to close at US$52.8 yesterday.

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