SEC, Time Warner near settlement

Time Warner Inc is close to a deal with US regulators in which the world8217;s largest media group would pay about 750 million to settle allegations of accounting irregularities at its America Online division, The Washington Post reported on Tuesday.

The proposed deal would cover all fines and penalties and other payment from Time Warner necessary to resolve SEC and Justice Department probes, the newspaper reported, citing sources familiar with the settlement talks.

However, it would not end ongoing SEC and Justice Department probes of various people who worked for America Online, according to The Washington Post.

8212; Reuters