AOL says ad revenue no impact on net

AOL Time Warner's America Online unit said accounting transactions for advertising revenues between 2000 and 2002 were appropriate and accounting for them differently would have had no impact on profits.

The company was reacting to a report in the Washington Post this morning which said America Online boosted advertisement revenue through a series of unconventional deals from 2000 to 2002, before and after its merger with Time Warner Inc.