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Time Warner to Pay $300 Million on Revenue Charges

Time Warner, Inc. has agreed to pay $300 million to settle charges that it inflated revenues at AOL to make its books look better.

Time Warner announced last December that it would pay $210 million to settle criminal charges. There was no admission of wrongdoing in the settlement. The company also faces more than 40 shareholder lawsuits. NPR's Jack Speer reports.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.