Ted Turner steps down as AOL Time Warner posts $100bn loss

By 2003-01-31T04:00:00

AOL Time Warnertoday (Jan 29) posted a net loss of nearly $100bn for 2002 - the biggest annualloss in corporate history - after announcing a fourth quarter writedown of$45.5bn that followed a $54bn writedown in the first quarter to cover thecompany's plummeting value. In a separate announcement that adds to ...

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