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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ AOL lands Verizon advertising deal ]

AOL lands Verizon advertising deal



NEW YORK (Reuters) - Time Warner Inc's AOL landed one of its biggest advertising deals since the division's restructuring as the sole representative of telephone company Verizon Communications Inc's online advertising inventory.


The timing of the announcement expected on Monday is ironic as Verizon sued Time Warner Cable Inc last week accusing the majority-owned cable TV operator of false advertising related to Verizon's FiOS high speed Internet and television service.


The agreement expected to be announced on Monday, an AOL executive said, comes amid Time Warner's ongoing talks to combine AOL with Yahoo Inc to rival Microsoft Corp's estimated $42 bln offer to buy Yahoo.


The Verizon deal is viewed as a coup for AOL's Platform-A advertising unit, as deal makers at Microsoft, Yahoo and AOL jostle to take a bigger stake in the business of selling display advertisements.


Platform A is the centerpiece of a restructuring of the once great Internet division responsible for generations of first time Internet surfers.


Reports of Time Warner's discussions to combine Yahoo and AOL values AOL, excluding its dial-up Internet access business at around $10 bln. That is a far cry from the zero value ascribed to AOL within Time Warner's current valuation, according to analyst estimates.


The Verizon ad deal, whose price was not disclosed, will give Platform A the right to represent all of Verizon's advertising space on the Internet, including premium space, the companies said.


"We're all about working with Web sites to serve whatever needs they have," Lynda Clarizio, president of Platform-A.


The deal also expands its relationship with Verizon Wireless. Platform-A will manage the sale of the majority of Verizon's Wireless Web advertising inventory.




(Source: Financial Mirror)



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