Financials
When the AOL-Time Warner merger was announced in January 2000, the combined market capitalization was $350 billion. It has subsequently fallen dramatically. Even by the time the merger was approved by the FCC and FTC just one year later on February 11, 2001, the company's market capitalization had plunged to $208.6 billion. By 2009, the company's value had tumbled even further, to just $65.7 billion, or roughly one-sixth of its value at the height of the dot.com bubble era when the deal was announced.Time Warner 2009 Annual Report
For fiscal year 2002 the company reported a $99 billion loss on its income statement because of $100 billion in non-recurring charges, almost all from a writedown of the goodwill (intangible asset) from the merger in 2000. This loss is one of the largest in corporate history. The value of the AOL portion of the company had dropped sharply with the collapse of the Internet boom, in the early 21st century.
On February 4, 2009, Time Warner posted a $16.03 billion loss for the final quarter of 2008, compared with a $1.03 billion profit for the same three months of 2007.
On May 2, 2012, Time Warner reported a profit of $583 million for the quarter ending March 31. It also reported an 11% loss in profits due to the cancellation of the HBO series "Luck".
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