Ceo, Tim Armstrong | featured news

AOL has been the sad sack of online media for so long now that it almost makes Yahoo look good. But at least the latest quarter showed the first year-over-year revenue growth in eight years–eight!–so it’s worth looking a little more closely at whether CEO Tim Armstrong has a handle on what can bring the Internet pioneer back from irrelevance.

Tim Armstrong, the chief executive of AOL, says he has not lost faith that his overhaul will reverse its decline.

AOL's earnings more than doubled amid gains from asset sales, though ad revenue dropped 27%. CEO Armstrong said AOL is on the path to recovery, with much of the revenue declines "self-inflicted."

AOL won't officially become an independently traded company again until December 10 when CEO Tim Armstrong is scheduled to ring the bell on the floor of the New York Stock Exchange.

Shortly before taking over as head of AOL in April, Tim Armstrong ripped out some office doors.