AOL nets nearly $100 billion in losses

Author
Aron Schatz
Posted
January 30, 2003
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1101
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And in other news, they are losing Ted Turner. What a shame, and $100 billion is a huge loss.

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The announcement came just shortly after the company reported a net loss of $98.7 billion for 2002. Those results included a $45.5 billion fourth-quarter charge related primarily to depreciation in the value of its America Online unit, as well as a first-quarter charge of $54 billion in accordance with accounting rules changes that took effect last year.

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