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Ad revenue in question
STAFF WRITER
Friday, Aug 16, 2002, Page 12
AOL Time Warner Inc said US$49 million in revenue from three transactions at America Online are being reviewed at the company's Internet unit. The transactions represented "an insignificant portion" of the company's total revenue in six previous quarters, a statement said. The US' SEC and the US Justice Department are investigating America Online's accounting for ad transactions. Those probes were sparked by a Washington Post report last month that said America Online boosted sales by about US$270 million with unususal transactions.
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