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AOL TimeWarner Reports Loss of Nearly $100 Billion ! | |
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| Time: 20:51 EST/01:51 GMT | News Source: Washington Post | Posted By: Adrian Latinak | ||
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AOL Time Warner Inc., the world's largest media company, on Wednesday posted a 2002 loss of nearly $100 billion, the largest annual loss in U.S. corporate history, after taking a whopping $45.5 billion charge in the fourth quarter to write down the value of assets. | ||
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| #1 By 135 (208.50.206.187) at 1/29/2003 9:56:06 PM |
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Well it's mostly these goodwill write-offs resulting from the loss of value of the companies post-merger.
Ted Turner should fight Steve Case on Celebrity Deathmatch. :) Actually I wonder what this is going to mean for the company... like what's going to change as they restructure. Will Netscape survive? Thus far it looks like the only profitable segment is the Time/CNN news stuff. Music is down, AOL is down, cable is down. This post was edited by sodablue on Wednesday, January 29, 2003 at 21:57. |
| #2 By 1226 (205.217.70.135) at 1/30/2003 6:49:03 AM |
| GOOD!!! |
| #3 By 3653 (216.153.67.116) at 1/30/2003 5:09:51 PM |
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Does everybody remember a few months (9 or so) ago when AOL/TW was going to KILL MICROSOFT? Remember how all the media rags predicted that? LOL. This post was edited by mooresa56 on Thursday, January 30, 2003 at 18:10. |
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