Media Guardian: AOL braced for £6bn charge

Troubled US media giant AOL Time Warner is expected to write off around £6bn at the end of the month on top of the record £34bn charge it took last year, further increasing the strain on its balance sheet.

The world's largest media company is to announce the charge as part of its fourth quarter results on January 29, with US analysts warning that it could affect its credit rating and ability to borrow.