Consumer appetite for broadband Internet access will continue to damage America Online's dial-up subscriber base and dent its financial results, says parent company Time Warner.
The disclosure was made in a document that the company filed to the U.S. Securities Exchange Commission on Monday.
In 2003, AOL lost 2.2 million dial-up subscribers, some with free promotional accounts, whom the online giant stopped counting; and many others who defected to broadband services. At the end of 2003, AOL reported 24.3 million narrowband subscribers.
Read more at CNET News.com.
