TELECOM Digest OnLine - Sorted: Time Warner Gets $300 Million Google Promotion Credits

Time Warner Gets $300 Million Google Promotion Credits

Reuters News Wire (
Tue, 10 Jan 2006 12:23:38 -0600

Time Warner Inc. has received about $300 million in promotion credits
from Google Inc. as part of its previously announced deal, a top
executive said on Tuesday.

"Google has given us promotional dollar credits to drive traffic to
the tune of about $300 million," Jeffrey Bewkes, Time Warner chief
operating officer, told investors on Tuesday at an investors

AOL can use the credits to bid for advertising search terms on Google.

The two companies in December expanded their partnership, which
included Google purchasing a 5 percent stake, worth $1 billion, in

Copyright 2006 Reuters Limited.

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