02/23/19 TABLE: A New Era at AOL

A New Era at AOL

INTEGRATING COMPUSERVE
Having completed the deal to acquire the customer base and content of CompuServe on Feb. 2, AOL is now working on how to bring the online service into its fold. It will remain a separate service--with a new software update expected over the next year. Its Web-based service will be shuttered and the Sprynet Internet-access business will likely go on the block.
RAISING PRICES
AOL raises its monthly fee for unlimited usage by $2, to $21.95.
NEW INVESTMENTS
To put a sharper focus on its diverse investments in content companies and electronic commerce, the company will group these holdings into AOL Investments, which may also make additional acquisitions--AOL now has $750 million in cash.
REORGANIZATION
A new structure places three units--the AOL and CompuServe services and AOL Studios, the content-production unit headed by longtime AOL exec Ted Leonsis--under new President and COO Robert Pittman.

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