21 Quotes by Dick Parsons

As Steve is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward.

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.

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.

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.

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.

it will become the most significant physical structure and place in the world five years from now.

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.

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.

If (the portal strategy) works, this business looks like our publishing business, it looks like our TV business, it looks like our local cable advertising business, ... If this doesn't work, then you start to think about AOL much differently. You start to think about AOL in somewhat the same way I think about the cable company...it would have its own currency to go out and do acquisitions or other deals.