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Time Warner Earnings Call: AOL’s Display Fell 17 Percent; Search Was Down 12 Percent

imageTime Warner (NYSE: TWX) CFO John Martin offered some more details on AOL’s 23 percent revenue decline in Q1, which he attributed generally to the recession. Ad revenue was down 20 percent to $443 million. Looking at the current quarter, Martin said that ad revenue trends are similar to Q1.