Time Warner Sees $60 Mln Charge for AOL Job Cuts
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Time Warner Inc. plans to take a  pretax charge of about $60 million in the current fourth  quarter for severance costs stemming from job cuts at its  America Online unit, the company said in a securities filing on  Friday.
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p2pnet.net News:- Time Warner executives must be wishing theyâd never heard of America Online. âThe Justice Department will file a criminal complaint that accuses AOL and PurchasePro.
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Time Warner Inc. yesterday agreed to pay &#36;510 million to settle criminal and civil charges stemming from an accounting scandal at its America Online division, moving to end a messy affair that tarnished its image and impeded its business after its merger with AOL in 2001.
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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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Time Warner Inc. said Thursday it agreed to sell AOL France's Internet access business to Neuf Cegetel, a French telecommunications network operator, for about $365 million in cash.
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Time Warner has agreed to pay $210 million to settle criminal securities fraud charges brought by the Justice Department against the company&#39;s America Online unit.
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Time Warner has agreed to pay more than $500 million to settle wide-ranging criminal and civil allegations that its America Online division improperly pumped up revenue and engaged
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Time Warner Inc., the world&#39;s biggest media company, may pay as much as $500 million to settle US government probes into whether it improperly booked advertising sales at its America
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November 05, 2004 - A government investigation into accounting practices at America Online has prompted Time Warner to set aside $500 million to cover the costs of potential fines.
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Media company Time Warner Inc. has  agreed to pay the U.S. government $210 million to settle  charges that its America Online unit fraudulently inflated its  revenue figures, court documents showed on Wednesday.
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Time Warner Inc.  on Tuesday  said a strategy to offer most of online unit AOL's services for  free was making faster-than-expected progress in attracting new  Internet users and cutting costs.
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Time Warner Inc., the world&#39;s biggest media company, agreed to pay $510 million to resolve US investigations into whether its America Online unit improperly booked advertising sales.
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Newspaper publisher Tribune Co.  TRB.N, embroiled in a scandal over inflated circulation  figures, on Friday further cut circulation numbers at two New  York newspapers and said it will take a charge of as much as  $60 million.
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Media giant Time Warner Inc. will pay fines of $210 million under an agreement with the US government to be announced on Wednesday to settle charges that its America
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WASHINGTON/NEW YORK  - Time Warner Inc. said on  Wednesday it agreed to pay the U.S. government $510 million to  resolve criminal and civil charges that its America Online unit  fraudulently inflated its revenue figures.
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Time Warner Inc.  on Wednesday  said its AOL unit will no longer charge high-speed Internet  users for e-mail and other Web services in a gambit to attract  more viewers and boost online advertising.
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Time Warner Inc. TWX.N has agreed to  pay $500 million to $600 million to settle all civil and  criminal charges with the Justice Department and the U.S.  Securities and Exchange Commission, the New York Times reported  on Wednesday.