August 25, 2002 |
U.S. Seeks $20 Million From Enron Ex-CFO Justice Department officials said they would try to seize $20 million in profits illegally reaped by former Enron Corp. Chief Financial Officer Andrew S. Fastow based on information provided by another Enron executive, Michael J. Kopper, who pleaded guilty to conspiracy. Fastow hasn't been charged but has been portrayed as the mastermind of three allegedly fraudulent off-the-books partnerships.
August 22, 2002 |
AOL Time Warner Inc. and AT&T Corp. agreed to dissolve their complex Time Warner Entertainment partnership in a $9-billion deal that also will create a publicly traded cable TV company. AOL Time Warner will pay $3.6 billion in cash and stock to AT&T and get 100% ownership of HBO and Warner Bros. film studios, plus a controlling stake in the new cable company, to be called Time Warner Cable Inc. Time Warner Cable, the nation's second-biggest cable operator with 10.
August 20, 2002 |
AOL Time Warner Inc. is poised to simplify one of its most complex business units by buying out AT&T Corp.'s stake in Time Warner Entertainment for $9 billion in cash, AOL stock and shares in a new publicly traded cable business, people familiar with the situation said. The deal, expected as early as today, would give AOL Time Warner full ownership of Warner Bros.
August 9, 2002 |
TELEVISION Leno Overcomes the Springsteen Factor Bruce Springsteen's heavily promoted two-night stint on CBS' "Late Show With David Letterman" last week may have helped the singer's new album top the charts, but it didn't shake up the late-night ratings. "The Tonight Show With Jay Leno" maintained its advantage by averaging 5.5 million viewers a night for the week, according to Nielsen estimates released Thursday.
December 22, 2000 |
Federal regulators said they will require AT&T Corp. to shed its stake in Time Warner Entertainment to meet conditions attached to the telecommunications giant's $44-billion acquisition of MediaOne Group. AT&T, the nation's largest cable company, told the Federal Communications Commission last week that it would sell Liberty Media Group and slash its share of the nation's cable market to less than 30% as required by the agency earlier this year.
December 21, 2000 |
AT&T Corp. said it would sell its interest in Time Warner Entertainment if it does not receive a favorable tax ruling to spin off Liberty Media Group to comply with conditions of its MediaOne Group Inc. purchase. AT&T told the Federal Communications Commission it probably would sell Liberty Media, but it was prepared to put TWE in a trust to comply with the conditions of its merger if it cannot complete the spinoff, according to a letter to the FCC made available Wednesday.