Time Warner Inc. Announced: Feb. 4 Number of layoffs: 1,250 jobs Reason for the cuts: Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedown for its cable, publishing and AOL assets. The company predicted flat earnings in the year ahead as it takes on major restructuring charges amid a declining advertising market.
Andrew Harrer / Bloomberg News
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