AOL to Pay WorldCom $15.9 Million
From Reuters
AOL Time Warner Inc. will pay almost $15.9 million to WorldCom Inc. to settle a dispute over amounts the two owe each other under network services and advertising agreements, according to a court-approved settlement.
AOL had owed about $28.9 million to WorldCom for network services while the telecommunications provider had owed about $13 million for advertising, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.
The two sides are squabbling over an additional $80 million WorldCom claims AOL owes for network services.