Time Warner Sees $60 Million Charge for AOL 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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Time Warner's struggling Internet unit AOL said it was likely to lay off about 5,000 employees, or a quarter of its global workforce, in the next six months.
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Investors in Time Warner Inc. ,  whose shares touched a two-year low in mid-July, are seeking  signs of a turnaround on August 2, when the world's largest  media company is set to introduce its fourth plan in five years  to save its online unit AOL.
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Time Warner Inc. (TWX.N: Quote, Profile, Research) on Wednesday said it agreed to pay $510 million to the US government to resolve criminal and civil charges linked to its 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. 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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At its height, the combined AOL and Time Warner (NYSE: TWX) company market capitalization exceeded $350 billion. When AOL used its big, bloated equity to buy Time Warner, the company offered Time Warner shareholders
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Time Warner Inc. and other  defendants including America Online and Ernst &amp; Young have  agreed to pay &#36;23 million to settle a lawsuit accusing them of  defrauding pension and investment funds in Pennsylvania, the  state&#039;s Attorney General said on Thursday.
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The US government will charge Time Warner Inc&#39;s (TWX.N: Quote, Profile, Research) America Online unit with aiding and abetting securities fraud but will defer prosecution for two years, a US Justice Department official said.
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Time Warner said today it is establishing a $500 million legal reserve stemming from the on-going federal probes of its America Online unit and plans to restate the accounting for its stake
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Time Warner Inc. TWX.N 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&#39;s (TWX:NYSE - news - research) America Online division reportedly plans to cut 700 jobs next month in a concession to declining subscription rates at its flagship Internet unit.
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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.
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Time Warner Inc. said on Wednesday it agreed to pay the US government $510 million to resolve criminal and civil charges that its America Online
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TIME WARNER has agreed to pay $510 million (Â£262 million) to settle claims that America Online (AOL), its internet division, overstated its earnings capacity.
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NEW YORK, December 16: In addition to its $210 million settlement with the Department of Justice over securities fraud at America Online, Time Warner has reached a proposed settlement with the Securities and Exchange Commission for a further $300 million
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TIME WARNER has agreed to pay $US210 million to settle fraud charges against the company&#39;s America Online unit, US law enforcement officials said overnight.