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NEW YORK Time Warner on Wednesday said it agreed to pay $510 million to settle federal investigations into charges its American Online subsidiary artificially inflated ad revenue, mainly in 2001 and 2002.
The sum included a proposed $300 million penalty to the Securities and Exchange Commission and $210 million, including a $60 million penalty and a $150 million reserve fund for litigation settlements, to settle a Department of Justice probe, the company said in a statement.
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