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0.85% $1.74 peter warren automotive holdings limited

Theo's hero? I just love the "philanthropic activities part" -...

  1. FallGuy
    2,070 Posts.
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    31/01/03
    00:08
    Post #: 115993
    Theo's hero? I just love the "philanthropic activities part" - as if he was not in that already?


    AOL Time Warner (AOL: Research, Estimates) late Wednesday announced a $44.9 billion net loss for the fourth quarter of 2002 after a charge for the shrinking value of the America Online unit. All totaled, the media conglomerate, the parent of CNN/Money, lost $99 billion last year, the most money ever lost by a corporation in a single year.

    In addition, the company said Ted Turner, the founder of CNN, is stepping down as vice chairman in order to devote more time to philanthropic activities.
    PWR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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