AOL Time Warner sees first quarter revenue growth of up to 10%

AOL Time Warner's chief financial officer Michael Kelly expects the company's revenue to grow by between 8% and 10% in the first quarter.

AOL Time Warner's chief financial officer Michael Kelly expects the company's revenue to grow by between 8% and 10% in the first quarter.

During an analysts' meeting following the release of AOL Time Warner's quarterly earnings, Kelly also said first quarter earnings before interest, taxation, depreciation and amortisation should see a growth of between 18% and 20%.

Talking about charges to be incurred in the quarter, Kelly says AOL Time Warner will take a $50m charge due to layoffs in such branches of the company as magazines and CNN.

However, Kelly adds that a shift in employee compensation toward equities option will save the company about $100m in cash.

He adds that synergies from the merged entity are seen as a possibility for the company to "aggressively manage" its cost structure.

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