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Advertising sales drive AOL’s revenue growth

November 5, 2013

By Saumyadeb Chakrabarty and Supantha Mukherjee; Bangalore

(Reuters) – Online media group AOL Inc <AOL.N> reported a 6 percent rise in third-quarter revenue, helped by a rise in advertising sales.

Net income attributable to AOL fell to $2 million, or 2 cents per share, from $20.8 million, or 22 cents per share, a year earlier.

The latest results include a $17.5 million goodwill impairment charge and $19 million in restructuring costs.

Advertising revenue rose 13.5 percent to $386 million. Total revenue was $561.3 million.

AOL’s businesses include “The Huffington Post” and mapping service “MapQuest”.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty)