Dick Parsons
Dick Parsons
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.
active chairman continue director experience forward pleased steps steve unique valued vision
I have valued partnering with Steve and am pleased he will continue to be active as a director even after he steps down as chairman in May. His extraordinary vision and unique experience will be invaluable, and I look forward to working with him for years to come.
adjusted again company comparable income increased metric operating percent pleased posted report results rose roughly strong track using
I'm pleased to report that our company once again posted strong results for the quarter. Revenues rose 4 percent and Adjusted Operating Income before Depreciation & Amortization (in short, OIBDA, the new metric that we are using to track profitability, which is roughly comparable to EBITDA) increased 11 percent.
five physical structure
it will become the most significant physical structure and place in the world five years from now.
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.
agreement array audiences becomes businesses commitment continue digital drive fulfilling great industries inherent key large online opportunity potential premier realize structure time value
This agreement is key to fulfilling our commitment to realize the potential of AOL's very large online audience. As digital technologies continue to drive industries together, the great value and opportunity inherent in Time Warner's structure and array of premier businesses becomes increasingly clear.
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.
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.
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.
committed fulfilling
We're committed to cooperating with the independent examiner as well as fulfilling all of our other obligations under the settlement,
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.