Below is an excerpt from an article recently published by The Business Insider.
AOL isn't nearly immune to the advertising recession that's costing journalists jobs everywhere. It recently reported that ad revenues were down 20 percent in the last quarter.
But here's the silver lining for media professionals caught in the same mire: AOL's new boss, CEO Tim Armstrong, wants the company's content business MediaGlow to be a Hearst or Time Inc for the 21st century.
MediaGlow already runs 70 online media properties -- 27 of them are in Technorati's top 80 -- and wants to push that number to 100 in the next 12 months.
In other words, AOL -- of all places, one might say -- is on a hiring spree amidst the recession. For example, MediaGlow sports site FanHouse employs about 60 writers and just hired 10 more.
And, unlike some new media empires, MediaGlow isn't only hiring young writers willing to forgo health insurance and full-time pay. They're hiring people with experience.
For more on MediaGlow, visit www.mediaglow.com.