Last week we reported that TMZ had stopped its ad sales arrangement with its JV owner AOL, and raised some questions about AOL’s stake in the celeb site following the portal’s spin-off from Time Warner (NYSE: TWX). Staci asked AOL CEO Tim Armstrong about it in her long interview with him, but thought best to break out his response:
“Are you disappointed that AOL is no longer selling advertising for one of its own properties, TMZ, and is that something that might happen more?
Armstrong: No. As a matter of fact I think we have to look at TMZ from an ownership perspective so if you ask me is TMZ selling their own ads a good thing or not a good thing in relation to AOL, I would say,