AOL will lay off about 2,000 employees

AOL LLC will lay off about 2,000 employees, or approximately 20 percent of its staff, as it continues its transformation into an online, ad-supported business and moves further away from its traditional revenue model based on dial-up Internet access fees.

The layoffs will begin on Tuesday and will continue over the coming months.

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AOL Uncut to launch in June to compete with Youtube

AOL is set to bring user-generated video upload service UnCut out of beta and officially launch it in June. The new service will be implemented on many of AOL's platforms including AIM and the new social network service, Fred McIntyre, AOL's chief online video executive told Beet.TV.

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Napster Exclusive Music Subscription Service for AOL

AOL announced on Friday that it has named Napster as the exclusive music subscription service provider for its AOL Music site, replacing AOL Music Now, which claimed 350,000 paid subscribers.

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