Time Warner readies for accounting fallout
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NEW YORK Time Warner, the largest US media company and owner of America Online, said Wednesday that its third-quarter profit fell 7.8 percent as it set aside money to pay for potential penalties stemming from a government inquiry into its accounting
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Time Warner, the world&#39;s largest media-entertainment company, says it has agreed to pay a total of $US510 million ($668 million) to resolve federal probes into accounting irregularities at its America Online (AOL) units.
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Time Warner will announce a settlement with the Department of Justice and a proposed settlement with the Securities and Exchange Commission, a source familiar with the situation said Wednesday.
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Private equity firms are knocking on  the doors of Time Warner Inc.  and IAC/InterActive  , making their case for various deals with the two  conglomerates.
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Time Warner Inc has expressed interest  in selling its equity stake in a subsidiary of Time Warner  Cable back to the cable division worth about $3 billion,  according to a regulatory filing this week.
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Time Warner has set aside a $500m (Â£272m) war chest to cover regulatory and legal action over accounting practices at its America Online division.
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LONDON - Time Warner, the world&#39;s largest media company, is to pay out $510m (Â£260.9m) to US authorities following two federal investigations into its internet unit AOL.
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Time Warner Inc. is close to a deal with U.S. regulators in which the world's largest media group would pay about &#36;750 million to settle allegations of accounting irregularities at its America Online division, The Washington Post reported on Tuesday.
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Time Warner Inc. has reached a settlement deal with the US Department of Justice (DOJ) concerning accounting issues with its America Online Inc.
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Shares of Media giant Time Warner Inc. were little changed Monday ahead of the company&#39;s third-quarter earnings report as investors wonder exactly what chairman Dick Parsons might say about its troubled America Online unit.
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Media conglomerate Time Warner Inc.  plans to change to its corporate governance policy as part of a  settlement of a shareholder derivative lawsuit that was  approved on Wednesday.
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[New York | Reuters News Service, 4 November 2004] - Time Warner yesterday posted an 8% drop in quarterly net profit as it set up a $500 million legal reserve related to accounting probes at its America Online division and said it will restate results
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Time Warner Inc, the world&#39;s largest  media company, will &quot;look hard&quot; in the next 12 to 18 months at  possibly selling off its AOL dial-up Internet access business,  similar to its strategy in Europe.
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Time Warner Inc said on Wednesday it  expects profit growth to slow in 2008 but possibly exceed Wall  Street estimates after it reported quarterly earnings that  reflected increases in broadband and phone subscribers and  sales of "Harry Potter" and "300" home videos.
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New York (Nov. 5, 2004) - Media and entertainment giant Time Warner Inc. said that it had established $500 million in legal reserves related to pending government investigations, and that it intends to restate
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Time Warner Inc.'s shares are still undervalued despite the establishment of a &#36;500 million reserve to potentially settle a government probe into accounting practices at its America Online unit, according to a report in the latest Barron's newspaper.
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Time Warner will pay $210 million to defer a Justice Department investigation into accounting irregularities at its Dulles-based America Online unit.