[Aol drastically miscategorgized R&D as an asset, paid itself, and recognized loans as revenue - to the extent of fraud](http://www.washingtonpost.com/wp-dyn/ar

[Aol drastically miscategorgized R&D as an asset, paid itself, and recognized loans as revenue - to the extent of fraud](http://www.washingtonpost.com/wp-dyn/articles/A64365-2005Jan10.html http://www.washingtonpost.com/wp-dyn/articles/A64365-2005Jan...) As an Atlantan who has seen Ted have to sell most of his Turner based business interests (Braves, Hawks, TBS, Thrashers) I can tell you it wasn't a very profitable merger.