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AOL REPORTED A fourth-quarter net loss of $44.9 billion, or $10.04 a share, after taking the non-cash charge to write down the value of its embattled America Online business and other assets, compared to a year-ago loss of $1.8 billion, or 41 cents a share.
The full-year loss exceeded the gross domestic product of Egypt in 2001.
Ted Turner to step down...
joined:Sept 20, 2000
AOL's problems went beyond weakness in advertising and e-commerce, with its subscriber base slipping to 35.2 million from 35.3 million in the third quarter of 2002.
Cnet Coverage [news.com.com]