AOL posts first gains since 2008

"AOL posted advertising gains for the first time since 2008, according to its Q2 2011 earnings report out Tuesday. But the increases were not enough to bring the company back to profitability.

Global advertising grew 5% over the same period last year, driven largely by a rise in display revenues, which were up 16% in the U.S., as well as ads run on third-party networks such as ad.com, up 29%. Search revenues shrank 21%, reflecting AOL’s declining subscriber base and the sale of ICQ in July of last year."

Source: Mashable