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Time Warner to Pay $300 Million on Revenue Charges

Time Warner, Inc. has agreed to pay $300 million to settle charges that it inflated revenues at AOL to make its books look better.

Time Warner announced last December that it would pay $210 million to settle criminal charges. There was no admission of wrongdoing in the settlement. The company also faces more than 40 shareholder lawsuits. NPR's Jack Speer reports.

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Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.