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NEW YORK — AOL Time Warner said Wednesday that it plans to restate its financial results from September 2000 through June 2002, reducing its advertising and commerce revenues by $190 million over that two-year period.
The restatement stems from an internal review that uncovered questionable ad deals at the media giant’s America Online Internet division. The review is ongoing, but the company said it does not expect any further restatements as a result of it. AOL Time Warner also continues to cooperate with separate investigations being conducted by the Securities and Exchange Commission and the Department of Justice.
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