Dick Parsons
Dick Parsons
five physical structure
it will become the most significant physical structure and place in the world five years from now.
company executive leader legendary media pioneer record speaks ted time turner visionary
Ted Turner's legendary record as a media pioneer and executive at Turner Broadcasting and Time Warner speaks for itself. He is a visionary leader who has made an extraordinary contribution to this company and, indeed, to the world at large.
company continues counsel forward individual major move steve wise
As Steve is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward.
pleased reached understanding
We are very pleased to have reached an understanding with Mr. Icahn.
advantage based cable company currency dial further given industry move needs ownership point separately view
We wanted to move to a place where our cable company is separately structured, so we'd have cable-based currency to take advantage of further consolidation in the cable space, ... And we wanted to be able to dial up or down our ownership of cable, based on our view of the industry and of the needs of the company at a given point in time.
aol currently gets happening integrated internet order point space
Right now AOL is currently integrated into our operations, ... But if it gets to the point where consolidation is happening in the Internet space and, in order to play most efficiently, we need...our own currency, the possibility (of an IPO) is out there.
concerns secular stock trends weighed
Secular concerns that have weighed on our stock are overblown. Secular trends warrant us accelerating the program.
award belief bond giving high honored ideals improve jewish laura life ourselves pledge receive shared strive
One of the things that has strengthened the bond between Laura and me over the years is our shared belief in giving of ourselves to improve the life of our community. We are honored to receive this award and pledge to always strive to live up to the high ideals of its namesake and those of The Jewish Theological Seminary.
committed fulfilling
We're committed to cooperating with the independent examiner as well as fulfilling all of our other obligations under the settlement,
businesses closely commitment managing maximize strategy
This transaction also underscores our commitment to a strategy of managing closely related, industry-leading businesses to maximize shareholder returns.
business cable couple midst next position puts
We like the cable business, ... We think that's a business that's going to be a consolidating business over the next couple of years and we'd like to be in a position to play in that consolidation. And I think this puts us right in the midst of it as we speak.
agreement although decided financial growing mgm price prudent reach time valuable withdraw
Although MGM is a valuable asset, we have decided to withdraw our bid. Unfortunately, Time Warner could not reach agreement with MGM at a price that would have represented a prudent use of our growing financial capacity.
critical digital entertainment group involving jeff leadership networks overseeing providing recent
As Group chairman, Jeff contributed to our recent achievements by overseeing record-breaking performances at our filmed entertainment and networks businesses, and providing critical leadership for cross-company initiatives involving the digital distribution of content.
advantages best book both build businesses closely colleagues commitment continued global group luck managing maximize needs performance scale strategy success terrific time top wish
This is a terrific transaction that is the right thing to do for both the Time Warner Book Group and our shareholders. With its record-breaking performance in 2005, the Book Group is at the top of its game. To build on this success, however, it needs the scale and other advantages that come from being part of a larger, more global book publisher. This transaction also underscores our commitment to a strategy of managing closely related, industry-leading businesses to maximize shareholder returns. We wish our Time Warner Book Group colleagues continued success and the best of luck at their new home.