- Plans in the works to save Esquire Theater on Broadway in Cape (2/21/18)2
- State of emergency declared in Missouri (2/24/18)1
- Bell City arrest, Scott City incident highlight high-alert status following Fla. school shooting (2/20/18)4
- Man transitioning to woman killed herself in Cape City Jail in June; news comes from architect's pitch in Kansas (2/15/18)2
- As February winds down, Chaffee looking forward to reopening of ice cream shop (2/21/18)1
- Pence gets it right in response to attack on Christian faith (2/17/18)12
- Cape Girardeau businessman proposes redevelopment project; seeks taxing district to fund improvements (2/17/18)16
- Scott City puts school on lockdown; officials say alleged threat 'not credible' (2/21/18)2
- Local foodies share most romantic places (2/22/18)
- Missouri governor indicted on invasion of privacy charge (2/23/18)6
Time Warner settles SEC fraud charges, pays $300 million penalty
NEW YORK -- Closing a difficult chapter, Time Warner Inc. said Monday it would pay $300 million and restate three years of financial results to settle civil fraud charges stemming from its accounting of online advertising revenues and subscriber counts at its AOL unit.
The settlement with the Securities and Exchange Commission also calls for the world's largest media company to open its books to an independent examiner, which could result in additional restatements.
The details of the deal, which include no admission or denial of wrongdoing, are in line with a proposal the company made and disclosed last December. At that time, Time Warner also said it had agreed to pay $210 million to resolve charges of criminal securities fraud in a separate investigation by the Department of Justice. The combined $510 million settlements should give Time Warner a freer hand to pursue acquisitions.