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Time Warner sees AOL ad growth for year below Q1's

NEW YORK
Wed May 2, 2007 10:51am EDT
People walk in front of the Time Warner Inc. headquarters building at Columbus Circle in New York, in this October 13, 2005 file photo. Time Warner said on Wednesday it expected AOL online advertising sales growth this year to be at or above U.S. industry rates, but below the first quarter's 40 percent rate. REUTERS/Nicholas Roberts

NEW YORK (Reuters) - Time Warner Inc. said on Wednesday it expected AOL online advertising sales growth this year to be at or above U.S. industry rates, but below the first quarter's 40 percent rate.

"We are very pleased with the progress that it has made with the new advertising strategy," Time Warner Chief Executive Richard Parsons said on a morning conference call.



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