America Online

AOL’s Activist Investors Say Armstrong’s Content Play Isn’t Working

Starboard Value LP, who’s 4.5 percent stake in AOL makes it one of the company’s largest shareholders, is taking aim at Tim Armstrong and his attempt to reinvent AOL as a media powerhouse.

In a nine page letter reviewed by the Wall Street Journal, Starboard points out that AOL has seen its stock slide 70% over the past year. The company may be positioning itself to get spots on AOL’s board of directors, with all eight seats up for re-election in February.  Read More