Time Warner expects loss for year

Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.

NEW YORK (AP) — Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.

New York-based Time Warner said its results, particularly for its AOL and publishing unit’s advertising operations, have been pressured by economic conditions that are more difficult than it initially anticipated.

Tags: time warner, loss, profit, aol, economy

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