AOL losing subscribers......

sarettah · 07-23-2003

http://www.washingtonpost.com/ac2/wp-dyn/A...anguage=printer

AOL Subscribers Down by 846,000
Questions on Deal Delay Cable Spinoff; Parent Company's Earnings Still Rise

By David A. Vise
Washington Post Staff Writer
Thursday, July 24, 2003; Page E01

America Online's subscriber base plunged by 846,000 in the second quarter, as hundreds of thousands left for cheaper or faster Internet connections and a similar number were dropped because they had been mistakenly counted in the past, AOL Time Warner Inc. disclosed yesterday.

In addition, new disclosures about a federal investigation into improper accounting at Northern Virginia-based America Online Inc. showed that the division's legal problems are hurting other parts of the AOL Time Warner media empire.

AOL Time Warner said yesterday that the Securities and Exchange Commission would not allow it to spin off a portion of its cable television unit until it resolves a dispute over how to account for hundreds of millions of dollars in questionable revenue from a complex deal with German media firm Bertelsmann AG.

AOL Time Warner also said it may restate previously reported profits and sales linked to the Bertelsmann transaction. And the company indicated that it could not determine how long the SEC and Justice Department investigations into its bookkeeping practices will last.

Timon · 07-24-2003

I guess having your email address @Iamanidiot.com only stays cute for so long... ;-)

slavdogg · 07-24-2003

>> The company said its profit increased to $1.1 billion (23 cents per share) in the second quarter.

WOW

Forest · 07-24-2003

ther acct/billing dept is a joke

I have had an acct for a year and never been billed

Last edited by Forest at Jul 24 2003, 05:35 AM

Winetalk.com · 07-24-2003

I left them..BellSouth DSL set up is much better than AOL

07-23-2003	#1
sarettah Stay Out Of The Box Want to see your own Advertising Here! Join Date: Oct 2002 Location: Lost in the ozone Posts: 10,318	http://www.washingtonpost.com/ac2/wp-dyn/A...anguage=printer AOL Subscribers Down by 846,000 Questions on Deal Delay Cable Spinoff; Parent Company's Earnings Still Rise By David A. Vise Washington Post Staff Writer Thursday, July 24, 2003; Page E01 America Online's subscriber base plunged by 846,000 in the second quarter, as hundreds of thousands left for cheaper or faster Internet connections and a similar number were dropped because they had been mistakenly counted in the past, AOL Time Warner Inc. disclosed yesterday. In addition, new disclosures about a federal investigation into improper accounting at Northern Virginia-based America Online Inc. showed that the division's legal problems are hurting other parts of the AOL Time Warner media empire. AOL Time Warner said yesterday that the Securities and Exchange Commission would not allow it to spin off a portion of its cable television unit until it resolves a dispute over how to account for hundreds of millions of dollars in questionable revenue from a complex deal with German media firm Bertelsmann AG. AOL Time Warner also said it may restate previously reported profits and sales linked to the Bertelsmann transaction. And the company indicated that it could not determine how long the SEC and Justice Department investigations into its bookkeeping practices will last. __________________ Free Adult Webcams

07-24-2003	#4
Forest FFN PERSONAL TRAINER $100 for every ImLive sign-up Join Date: Dec 2002 Location: N. Miami Posts: 4,622	ther acct/billing dept is a joke I have had an acct for a year and never been billed Last edited by Forest at Jul 24 2003, 05:35 AM __________________ Need design work done? CLICK the SIG! 118156620-icq Forest AT silverclouddesign.com

07-24-2003	#5
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	I left them..BellSouth DSL set up is much better than AOL __________________ why dogs sniff each other butts?

07-24-2003	#2
Timon Hospitality Supervisor Join Date: Oct 2002 Posts: 2,338	I guess having your email address @Iamanidiot.com only stays cute for so long... ;-)