Analysts are “dubious” over AOL’s overly optimistic projections of subscriber and revenue growth…
However, Jessica Reif Cohen, an analyst with Merrill Lynch, said that AOL might surprise people by attaining some of its aggressive subscriber targets, even though her own estimates differ. “They are spending a lot of money and making a big effort. They could be right. It is not insane,” Cohen said. “So many things can happen over the next few years. What if new content develops that seems compelling?“
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