AOL May Restate Earnings Again

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AOL Time Warner Inc. disclosed in a 10-K filing Friday that it may have to
restate up to $400 million in ad revenue.

AOL Time Warner said the Securities and Exchange Commission told the company
some ad revenue it booked from Bertelsmann AG should've been recorded as a
reduction in the price AOL Time Warner paid Bertelsmann for AOL Europe, rather
than as ad revenue.

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