Growing profits from high-speed Internet service and better advertising sales equals America Online being midway through a recover, the Internet giant told the Reuters Technology, Media, and Telecommunications Summit Feb. 27.
"The world is going to be broadband-centric in a couple of years," chief executive officer Jonathan Miller told the conference, adding AOL was on the path toward bringing home low double-digit gains in operating profits before charges. He also said new products like lower-priced Netscape service and deals with Wal-Mart will help ease the pain of subscriber losses at the AOL brand.
"Overall our subscriber base will begin to flatten out later this year," Miller said, though he confirmed AOL stopped taking orders for high-speed service bundled with telephone or cable access for $54.95 a month. He said it made little sense when many of those phone or cable companies sell for as low as $26.
