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It sounds like Time Warner moved a lot of write-offs to AOL right before the spin-off to hide their own losses. Then AOL was forced to "take a bath", where you
by johnglasgow 16y ago
It sounds like Time Warner moved a lot of write-offs to AOL right before the spin-off to hide their own losses. Then AOL was forced to "take a bath", where you toss out all the huge one time write-offs(i.e. Bebo) in one earnings season and return to good numbers in the next earnings season.