The real driver of enhanced valuation is going to be AOL in the near term and the long term,

Ted's leadership role in the formation of global media in general and AOL Time Warner in particular is uniquely significant, ... His values of journalistic independence and public service are a permanent part of who we are and what we do.

AOL is still the largest and most profitable online company in the world and we're confident it is going to regain its stride as we go on from here, ... Are we in Virginia? Somehow I feel like we're not in New York.

In my view, the real source of undervaluation is neither of these things, ... The real driver of enhanced value, I think, is going to be AOL in the short term and the long term.