Time Warner Net Falls on Legal Reserve
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Time Warner Inc. (TWX.N: Quote, Profile, Research) , the world&#39;s largest media company, on Wednesday reported an 8 percent drop in third-quarter net profit as it set up a
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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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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 said yesterday that it had set aside $500 million to pay for potential penalties stemming from a government investigation into accounting practices at America Online, a step that
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Plus: Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Time Warner Inc., the world&#39;s largest media company, edged past Street estimates by a penny in its third-quarter results released Wednesday despite the creation of a big cash reserve related to its troubled AOL Internet unit.
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Time Warner Inc. TWX.N and Comcast  Corp. CMCSA.OQ said on Monday they had agreed to a pact  giving Comcast an option to cut its interest in Time Warner  Cable Inc. in exchange for stock in a Time Warner subsidiary  that will hold cable systems and cash.
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Media conglomerate Time Warner Inc.  reached agreements in February to pay $405 million to settle  lawsuits brought by shareholders related to past accounting  problems at AOL, according to a regulatory filing on Friday.
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Time Warner Inc., the world's largest media company, reported Friday that its earnings nearly doubled in the fourth quarter without the losses from its former music division in the year-ago period and on higher results from cable TV, publishing and other businesses.
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Plus: Write-downs widen DirecTV's loss...Time Warner net income slips...Cell phone unit shores up Verizon.
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Warner Music Group Corp.  on Thursday posted a 74 percent drop in its quarterly profit and fell short of Wall Street expectations on a weaker album release schedule than a year before.
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Warner Music Group Corp  on Friday posted a fourth-quarter profit, but revenue sagged in line with broader weakness in the recorded music and music publishing businesses.
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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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DULLES, Va. -- Time Warner Inc.'s America Online division, the biggest US Internet service, said it cut 750 jobs, or about 4 percent of its workforce, amid subscriber losses.
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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 reported revenue growth of 5% for its third quarter, but net income declined and the company may have to restate its financial results for 2002 in connection with the investigation of accounting practices at its AOL division, the company said
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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.