News Brief
Time Warner Restates Financials
Aug 18, 2006, 6:00 AM
Time Warner Thursday said in a Securities and Exchange Commission filing that it would restate $584 million in ad revenue dating back to 2000, including $310 million in AOL ad revenue. The restatements will reduce net income by $1 million for 2000 and about $161 million for 2001, but will increase net income by about $62 million in 2002, $18 million in 2003, $30 million in 2004, $16 million in 2005 and about $15 million for the first half of this year.
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