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Timeline: AOL & Time Warner
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Aug. 19, 2003: A source tells The Washington Post that the Federal Communications Commission has agreed to allow America Online to transmit video entertainment over its popular Instant Messenger system.
Aug. 7, 2003: Company officials say America Online is abandoning its strategy of making major changes to its AOL software as part of a single annual release in favor of rolling out fresh upgrades as soon as the new features are ready.
July 30, 2003: A source tells The Washington Post that the Securities and Exchange Commission is investigating whether AOL improperly inflated its subscriber count.
July 23, 2003: AOL Time Warner discloses that America Online's subscriber base plunged by 846,000 in the second quarter.
July 18, 2003: AOL Time Warner says it will sell its disc business to raise $1 billion.
June 11, 2003: America Online announces a deal that would enable the company to earn money with its instant messaging service in workplaces.
May 29, 2003: Microsoft agrees to pay $750 million to AOL Time Warner to drop an antitrust suit against the software giant.
May 16, 2003: Steve Case stepps down as chairman of AOL Time Warner Inc.
May 5, 2003: Media mogul Ted Turner sells more than half of his AOL Time Warner Inc. holdings for about $780 million, a move that reflects his efforts to slash his financial stake in the media giant.
April 23, 2003: AOL Time Warner said that it has returned to profitability, led by strong performance in its motion picture and cable television operations and new cost controls at America Online.
April 22, 2003: AOL Time Warner announced it will sell its 50 percent stake in the Comedy Central cable network to Viacom Inc. for $1.25 billion in cash.
April 22, 2003: Sources tell The Washington Post that officials are investigating millions of dollars of advertising deals that go significantly beyond the scope of problems already disclosed by AOL Time Warner.
