Word: aol
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Dates: during 2000-2009
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...Numbers $99 Billion reported by AOL Time Warner for 2002 was the largest-ever annual loss by a U.S. company...
...time her marriage to Turner in 1991, Fonda received millions of dollars worth of stock in Turner Broadcasting, a company that merged with Time Warner and then with AOL...
According to an interview with Gilligan this fall, Fonda was particularly reluctant to give the GSE more money because the movie star and former wife of media mogul Ted Turner had lost so much money due to heavy investment in sagging AOL Time Warner stocks...
Over the next year or so, Parsons must manage AOL Time Warner's $26 billion in debt to avoid a downgrade in the company's credit rating. He plans to spin off a minority interest, valued at about $4 billion, in the company's cable-TV assets. Parsons must revive the AOL online division, which is dragging down the successful entertainment, publishing and cable divisions. He must deal with multiple federal investigations of AOL's accounting practices before and after the merger, and if those probes turn ugly, judge whether it makes sense to keep "AOL" in the company name...
During his interview with TIME, Parsons, a New York City native and former corporate lawyer, seemed at once sober and cheerful. He described 2003 as "a reset year," in which the AOL division will be reorganized and streamlined to better serve its traditional dial-up customers while it seeks to win more broadband subscribers. If all goes well, Parsons says, the online division could return to earnings growth in 2004, at double digits in following years. If results fall short of that goal--as some industry analysts predict they will--insiders say the division will at least be dressed...