Time Warner profits hit by big legal reserve
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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 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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Time Warner Inc. will pay $210 million to settle charges that its America Online unit fraudulently inflated its revenue figures. Separately, it is expected to pay about $300 million to settle SEC charges related to its buyout of a stake held by Germany's Bertelsmann AG in AOL Europe.
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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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Business & money: Search giant shocks investors with lower-than expected profits.
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Wall Street is cheering Time Warner&#39;s $510 million settlement to make two federal probes go away - while lawyers for angry investors are drooling over it.
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Time Warner Inc. TWX.N, the world's  largest media company, on Friday said its quarterly net profit  rose by 76 percent, boosted by digital video, high-speed  Internet and higher advertising sales at its cable networks.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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Is 2004 the year Time Warner settled down?
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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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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., 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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TIME Warner has reported an eight per cent drop in third-quarter net profit as it set up a Â£270 million legal reserve and said it will restate results for AOL Europe prior to 2002.
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Shares of Time Warner Inc TWX.N rose  2 percent on Tuesday after a report that the world's largest  media company was near a settlement with regulators that could  limit potential shareholder lawsuits over probes into  accounting at its America Online unit.
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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 Inc. said Wednesday 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's financial results for 2000 and 2001.  -The Washington Post
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Warner Music Group Corp  on Friday posted disappointing operating results and said it saw substantial pressure on operating income in the current quarter, and shares slid as much as 3 percent.