Internet service provider EarthLink has successfully cut its way to profitability.
The Atlanta-based company on Thursday announced it posted a yearly profit of $189.6 million in 2008 compared to a net loss of $135.1 million in 2007.
Despite the profit, the company's annual revenue fell 21 percent to $955.6 million. The company said it had expected the dip in sales as it anticipated the continued loss of dial-up and broadband subscribers. EarthLink ended 2008 with 2.8 million subscribers compared to 3 million in 2007.
EarthLink CEO Rolla Huff started making major cuts to the company'… Read more