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AOL Reports 20 Percent Surge in Operating Profits.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 19-APR-01
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COPYRIGHT 2001 Daily News

Byline: Phyllis Furman

Apr. 19--AOL Time Warner, the world's biggest Internet and media company, released strong financial results yesterday, proving it could still strut despite the weakening economy.

The home of Time magazine, CNN, "The Sopranos," Looney Tunes and Madonna said its first-quarter operating profits surged 20 percent to $2.1 billion, driven by red-hot growth at America Online and at its cable systems.

"They've said they have the right mix that will let...

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