AOL Issues Statement in Response to Starboard
Letter to Company
December 21, 2011 01:07 PM Eastern Time
NEW YORK--(EON: Enhanced Online News)--AOL, Inc. (NYSE: AOL) today issued the following statement in
response to the press release issued by Starboard Value LP:
Over the last two years AOL has significantly reduced costs, sold non-core assets, made significant investments for
our future, and also recently repurchased over 10% of outstanding shares. AOL has a clear strategy and operational
plan to provide our consumers and customers with exceptional value, which we believe will lead to the creation of
shareholder value. Our Board and management team remain firmly committed to creating value for all shareholders
and we will continue to aggressively execute on our strategy in 2012 as we continue the turnaround of AOL.
About AOL
Having helped millions of Americans to get online, AOL Inc. (NYSE: AOL) is on a mission to inform, entertain and
connect the world. The home of a world-class collection of premium brands, AOL creates original content that
engages audiences on a local and global scale. We help marketers connect with these audiences through effective
and engaging digital advertising solutions.
From time to time, we post information about AOL on our investor relations website (http://ir.aol.com) and our
official corporate blog (http://blog.aol.com).
Contacts
AOL, Inc.
Media:
Maureen Sullivan, 212-206-5030
Maureen.Sullivan@teamaol.com
or
Investor Relations:
Eoin Ryan, 212-206-5025
Eoin.Ryan@teamaol.com
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