September 17, 2007
America Online announced Monday that it's moving its headquarters from northern Virginia to New York. The company says that it's making the move so that it can be located in the center of the advertising industry.
AOL's move will mostly affect its senior executives, allowing them to join about 400 employees already working in New York on advertising and content production. AOL, which is the Internet services unit of Time Warner, says it will continue to have significant operations in Dulles.
The move comes as AOL shifts from its subscription model centered around selling Internet access to an advertising-focused approach in which many AOL services are now free.
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