Worldwide AOL Membership Surpasses 32 Million; AOL 7.0 Experiences Fastest Adoption Rate Ever.Business Editors/Hi-Tech Writers DULLES, Va.--(BUSINESS WIRE)--Nov. 26, 2001 America Online See AOL. , Inc., the world's leading interactive services company, today announced that the worldwide membership of its AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. service last week surpassed 32 million. Helping to drive this membership growth is AOL 7.0, the new version of the service launched last month. AOL members already have downloaded AOL 7.0 more than 7 million times -- marking the fastest adoption rate of any new version. AOL 7.0 integrates local programming into every part of the service, provides easy access to high-speed audio and video content, and introduces breakthrough music and entertainment features like the popular Radio@AOL. With these new features, AOL 7.0 also has contributed to strong usage of the service with the average AOL member spending nearly 70 minutes online daily. In addition, AOL online shopping continues to experience strong momentum, with AOL members increasing their online spending 80% in October over the same month last year to $2.7 billion, taking advantage of Shop@AOL's new convenience, selection and services. Barry Schuler, Chairman and Chief Executive Officer of America Online, said: "We're pleased with our membership growth and the increasing daily usage of the service. The record adoption rate of our new version AOL 7.0 underscores the unmatched value that AOL delivers. This all means that our members are spending more time online and getting more out of their online experience -- from holiday shopping and local guides to listening to music online and staying connected with friends." So far this fall, the Company has rolled out AOL High-Speed broadband service to consumers in 18 of Time Warner Cable's largest markets, with a total of 20 scheduled by year's end. Filling out its national footprint, the AOL High-Speed service is also available through DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary partnerships with BellSouth, Qwest, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. and Verizon customers, as well as through the DirecPC satellite service wherever AOL's dial-up service reaches. Mr. Schuler continued: "We're seeing strong demand in the Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. markets where we have rolled out AOL so far this fall. With our leading broadband partners such as NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. , the Cartoon Network, RollingStone.com, CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. and the Weather Channel, we're offering our members the best selection of broadband audio and video content available. And we're doing it with AOL's hallmark ease-of-use and convenience." About America Online, Inc. America Online, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AOL Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services. |
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