Word: parently
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...latest addition to the Justice Department's list is AOL Time Warner, TIME's parent company. Justice confirmed last week that it would follow up on the SEC's investigation into how the company's AOL division accounted for some $270 million in revenue over the past two years. The amount involved is almost trivial in a $38 billion-a-year company, but the implications are not. The agencies are investigating whether AOL executives contrived to misstate advertising revenues to puff up the performance of AOL just as it was closing its merger with Time Warner. AOL Time Warner...
...Island and ABC's one-man-and-a-harem hit The Bachelor. In the innocent days of 2000, NBC decided the dating show Chains of Love was too declasse for a major network. Now it's airing Meet My Folks, a reality rip-off of the movie Meet the Parents in which Mom and Dad grill their children's suitors using a lie detector--and the suitors quiz Mom and Dad about their sex lives. "We just want people to have a good time and develop some insights into the parent-child relationship," says Jeff Gaspin, the executive in charge...
...America had a ball club. But after World War II, televised major-league games gave everyone a taste of the bigs. The minors shriveled, going from 448 ball clubs and more than 39 million fans in 1949 to 141 clubs and 9 million fans in 1967. The big-league parent clubs didn't care, as long as they had farm clubs grooming future stars. But recently, team owners realized families were starved for a cheap night out other than at the multiplex or miniature golf...
UNDER INVESTIGATION. AOL TIME WARNER; by the Securities and Exchange Commission (SEC); over accounting practices. The SEC fact-finding inquiry, which the media giant (and TIME's parent) disclosed last week, is looking into whether its AOL division properly accounted for $270 million of revenue over the past two years. Both AOL and its auditors say the accounting was appropriate...
Media Probe The U.S. Justice Department is investigating accounting practices at Time's parent, AOL Time Warner. The SEC is conducting a similar inquiry...