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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...
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...
...MEANWHILE Strange but True Ever noticed the resemblance between Russian President Vladimir Putin and Dobby the house elf from Harry Potter and the Chamber of Secrets? Many Russians have, and they feel Warner Bros., who made the film, modeled the puny elf on judo hard man Putin. Rumors are now swirling that an unnamed Russian law firm is planning to sue for the misuse of the President's image. Maybe Dobby should...
...company (which owns TIME) can use all the help it can get. Ever since Case, then head of AOL, and Gerald Levin, then chief of Time Warner, agreed two years ago to complete the $106 billion deal in which the online upstart bought the old-media giant, their union has produced a Shakespearean torrent of pain and recrimination. As the Internet bubble burst and advertising slid into recession, the company's executives were slow to adjust their lavish profit-growth promises to Wall Street, which struck back hard. Having tumbled from a high of $56.60, the price of AOL Time...
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...