media games

[Nomiprins at aol.com]

In a message dated 7/18/2002 2:30:01 PM Eastern Daylight Time, 
dhenwood at panix.com writes:


> 
> The Times is hardly alone. Many of the media companies that have been 
> reporting on -- and often criticizing -- corporate accounting and the 
> aggressive use of stock options engage in the same practices 
> themselves, according to federal records

And sometimes, they were involved from the get-go. AOL Time Warner, IBM and 
Enron formed New Power Holdings to screw the deregulated Texas market. New 
Power was supposed to cater to residential and small-business customers, but 
like many other Enron illusions didn't actually produce anything. It did, 
however, take a $12.7mln impairment charge on its balance sheet because of an 
AOL marketing agreement.  

    

    

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