AOL Parent Sets Up $500 Million Reserve
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Time Warner Inc. said yesterday that it is creating a $500 million reserve in response to the federal investigations of its America Online unit and that it also will restate AOL Europe&#39;s financial results for 2000 and 2001.
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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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America Online will actively encourage its dial-up Internet subscribers to sign up for high-speed access at the cable arm of its parent, Time Warner Inc., executives from the companies said Monday.
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NEW YORK - Time Warner Inc. said Wednesday it had created a $500 million legal reserve to deal with ongoing federal probes of its America Online division.
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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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The charges of accounting improprieties at AOL date back to 2000. Some analysts had been expecting Time Warner to pay $500 million to $600 million to settle all of its criminal and civil charges with the Justice
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The Weather Channel is up for sale by its privately held parent, which is seeking more than $5 billion for the U.S. cable television channel and its Web site, The New York Times said on Thursday.
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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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The fight for the Internet portal could top $50 billion.
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Media giant Time Warner will pay approximately $510 million to settle various fraud charges regarding its America Online (AOL) unit with two US regulatory agencies, the company revealed this morning.
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Blog: The Business.com site is on the auction block; it could fetch $300 million to $400 million, according to reports.
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AOL will be getting a dose of Cramerica.
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AOL said Thursday it expects to drop as many as 5,000 employees, or a quarter of its global work force, within six months as the company restructures its business to draw more online advertising dollars.
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Two years ago today, Red Hat CEO Matthew Szulik confirmed the purhase of two prized enterprise products from AOL - Netscape Directory Server and Netscape Certificate Management System. He also noted than Red Hat intended to open source the products within 12 months.  Red Hat paid $25 million for the assets. You could say that was pretty good considering that in 1998, AOL paid more than $4 billion for Netscape. Matthew's purchase represented the last divestiture of Netscape's assets by AOL. If you wander on over to the Fedora Directory Server (FDS) site you can take a look at an enhanced version of the Netscape Directory Server. This isn't your older brother's directory server. Aside from open sourcing the Netscape server, you'll find an abundance of documentation to help you learn and operate a stellar product. In the case you have little familiarity with FDS, it has features you will not find in other open source LDAP servers.  These include: Multi-master replication  Hot-backups and restores  Integration utility for Microsoft Active Directory users and groups  A graphical management console and web available administration
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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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Â·  Businessman to help with Madeleine parents' bills Â·  Reports suggest couple to employ own search team
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Wall Street is down on AOL Time Warner -- and worried about its moguls. Yet deeper in the ranks, a cadre of executives is working hard to bring the troubled colossus to life.