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Timeline: AOL & Time Warner
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April 14, 2003: America Online files five lawsuits against more than a dozen individuals and companies accused of being major purveyors of "spam."
April 14, 2003: The University of California accuses AOL Time Warner Inc. Chairman executives of reaping $936 million in illegal insider-trading profits.
April 2, 2003: America Online Inc. projects for the first time that its base of dial-up subscribers will decline on an annual basis, a drop that Wall Street analysts predict will be in the range of 500,000 to 1 million customers.
April 1, 2003: America Online says it laid off 420 employees at customer service call centers as part of the firm's effort to slash annual expenses by more than $100 million.
March 28, 2003: AOL Time Warner Inc. discloses in regulatory filings that it may issue further restatements of its financial results as a federal investigation continues into a series of deals between its America Online unit and other companies.
March 24, 2003: America Online rolls out a new catch-phrase: "Welcome to the World Wide Wow." The fresh pitch is targeted at the company's 27 million subscribers in the United States, who in ever-greater numbers are switching to high-speed connections, and letting go of AOL in the process.
March 11, 2003: A source tells The Washington Post that federal investigation of America Online Inc. and two of its former key executives has been broadened to include alleged "aiding and abetting" of schemes by other companies to artificially inflate reported revenue.
March 5, 2003: In his most expansive remarks since consolidating power atop AOL Time Warner Inc., Richard D. Parsons fends off questions about whether he is a bold enough leader, and sufficiently focused on the company's stock price, to turn the troubled media giant around.
Feb. 20, 2003: America Online and Microsoft say illicit commercial e-mail has so overwhelmed their efforts to stop it that they are joining forces to press for tough federal legislation to stymie the spammers.
Feb. 4, 2003: AOL Time Warner notifies credit rating agencies that its $25.8 billion of debt will increase by several billion dollars in coming months.
Jan. 31, 2003: An analysis of AOL Time Warner's 2002 financial report shows a loss of America Online subscribers in the U.S for the first time ever.
Jan. 29, 2003: AOL Time Warner reports a loss of nearly $100 billion for 2002.
