Time Warner, Inc. operates as a media and entertainment company. It operates in five segments: America Online, Inc. (AOL), Cable, Filmed Entertainment, Network, and Publishing. AOL segment provides interactive services, Web brands and Internet technologies in the United States and Europe. Filmed Entertainment segment comprises Warner Bros. Entertainment Group, which operates in film, television, combined with a film library and global distribution infrastructure; and New Line Cinema Corporation that creates and distributes theatrical motion pictures. Networks segment include Turner Broadcasting System, Inc. (Turner), Home Box Office, and The WB Television Network (The WB Network). The company’s Turner networks include TBS, TNT, CNN, CNN Headline News, and Cartoon Network channels. Publishing segment publishes magazines through Time, Inc., and books through Time Warner Book Group, Inc. It publishes approximately 130 magazines, including People, Sports Illustrated, In Style, Time, Entertainment Weekly and Fortune.
Time Warner Inc.
One Time Warner Center
New York, NY 10019
Phone: 212-484-8000
Fax: 212-489-6183
Internet giant AOL has apologised for releasing the search queries of more than 650,000 of its US subscribers.
The company admitted the release to researchers was “a screw up” and had breached the privacy of its users.
AOL said it was an “innocent attempt to reach out to the academic community with research tools”
Time Warner Inc., its AOL subsidiary and auditor Ernst & Young have agreed to pay $23 million to settle a lawsuit accusing them of defrauding a Pennsylvania pension fund for teachers and state workers.
The suit, filed in February 2004, claimed that the companies overstated revenue and subscriber figures after the merger of New York-based Time Warner and America Online Inc
The world’s largest internet service provider America Online (AOL) has vowed to reform its customer service after agreeing to settle a US lawsuit.
It follows an investigation by New York state attorney general Eliot Spitzer into complaints that AOL ignored people who wanted to cancel the service.
AOL will provide refunds to all the 300 customers who complained and will pay New York State $1
Time Warner said today that it had agreed to pay $2.4 billion to shareholders who accused its AOL unit in a lawsuit of exaggerating revenues in order to push through the companies’ merger in 2001.
The cost of settling the legal dispute offset all of Time Warner’s earnings from the second quarter, and the company posted a net loss of $321 million
Two former executives at America Online face criminal charges after an FBI investigation into claims of fraudulent transactions with a software supplier.
The duo – Kent Wakeford and John Tuli – have been charged with conspiracy, securities fraud, wire fraud and making false statements.
Prosecutors claim the pair colluded with executives at PurchasePro to inflate revenues at the two firms
Media giant Time Warner is to pay $210m (£108m) to settle charges of securities fraud involving America Online (AOL).
The US Department of Justice has been investigating allegations that AOL conspired with several smaller internet firms to inflate their earnings.
Criminal charges will be deferred for two years, provided the US firm agrees to cooperate with investigators
Dot-com boom begot obscene wealth and trouble
CALL it the privilege of wealth, AOL-style. The dot-com feeding frenzy was creating obscene riches at virtually every level of the company.
It was a simple calculus: dot-coms paid whopping fees to promote their wares on AOL