Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

By Jason Farago, Newser Staff

Posted Feb 4, 2009 6:18 AM CST

(Newser) – Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL ... Read full story »

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Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

Time Warner • AOL • Time magazine • Jeff Bewkes • media conglomerates • writedowns • goodwill

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