Close Topic Options

Another Big Business In Trouble?

SEC preparing charges in AOL ad sales
Agency plans letter to Time Warner by early summerBy David A. Vise

Updated: 11:06 p.m. ET April 12, 2004

The Securities and Exchange Commission is preparing documents alleging that Time Warner Inc. booked more than $400 million in questionable advertising revenue following the company's January 2001 merger with America Online Inc., according to people familiar with the investigation

https://www.msnbc.msn.com/id/4725740/

Trouble Business Big Another

How big is Time Warner?

The Company said it now expects its 2004 full-year growth rate in Operating Income before Depreciation and Amortization, excluding impairments of goodwill and intangible assets and gains and losses from asset disposals ("Adjusted Operating Income before Depreciation and Amortization"), to be in the low-double-digits to low-teens range, as compared to $8.7 billion in 2003. This expectation reflects anticipated revenue gains and margin expansion.
Ref. https://biz.yahoo.com/bw/040728/285341_1.html

TMF: You have Time Warner (NYSE: TWX), Sprint (NYSE: FON), and Xerox (NYSE: XRX) all in your portfolio. Recently, none of them has really been on a winning streak. What attracts you in general to those situations?
Nygren: Well, I would disagree with the "none of them have been on a winning streak."
Ref. https://www.fool.com/news/commentary/2004/c...ary04072703.htm