Last week, AOL told users of its Hometown and Journals services that they would shut down within a month. The soon-to-be gone offerings are two of many services, features and projects the company has axed or is planning to axe this year. News of the cuts has been dribbling out throughout the summer and fall, [...]

AOL’s budget cuts across the board have been well reported, but the bloggers were the most vocal about it (as bloggers tend to be).
Many bloggers have reportedly left. The group behind TVSquad is doing something a little different, though. They haven’t left, but much of the team has launched a directly competing blog called CliqueClack. [...]

This is going to make it harder for Jeff Bewkes to get the price he wants for his wobbling AOL unit: An admission by CFO John Martin that the Web company’s ad revenue is sputtering. Bloomberg:

Tags: AOL

The point of Apple’s (AAPL) iPhone was that it could surf the Web, including the ads, like a computer — not like another cellphone. But some advertisers still think banner and other display ads should be customized for the iPhone, including AOL’s mobile ad unit Third Screen Media, which launched its own iPhone-specific network for [...]