AOL Inc. reported higher advertising revenue for the first quarter, while onetime items helped earnings, as the Internet company moved to take the wind out of activist shareholder Starboard Value LP's sails by pre-emptively agreeing to many of its demands.
AOL to Return Patent Proceeds
AOL will return to shareholders all proceeds of its $1.1 billion patent sale to Microsoft. It also reported a sizeable increase in profit.
May 9, 2012