Financial Accounting Blog

Tuesday, September 16, 2003

AOL reaches deal to sell basketball and hockey teams - Sep. 16, 2003
The real question is though, how is this going to affect AOL Time Warner's Income Statement?

The world's largest media company said late Monday it had agreed to sell the National Basketball Association's Atlanta Hawks, the National Hockey League's Atlanta Thrashers, and operating rights to Philips Arena, where the two teams play, to an investment group known as Atlanta Spirit LLC.