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AOL Time Warner Inc. $10 billion

"substantial" non-cash charge is coming

3:17 pm on Jan 9, 2003 (gmt 0)

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AOL Time Warner Inc. is preparing to book a charge against earnings of at least $10 billion later this month because of continued deterioration in the value of its struggling America Online unit, sources said yesterday.

The media conglomerate -- which is planning to disclose the multibillion-dollar hit on Jan. 29 as part of its annual financial results .......

Washington Post [washingtonpost.com]