Dick Parsons
Dick Parsons
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.
advantages businesses cable company continue extend fourth fuel growth
In the fourth quarter, we'll continue to extend the competitive advantages of our cable company and our other businesses to fuel growth in 2006 and beyond.
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.
advertising aol business cable currency local looks publishing somewhat start tv
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.
company strong
In short, our company is strong and getting stronger.
acting avoid behind believe best clearly costs interest matters outcome protracted serves
By acting now to put these matters behind us, we avoid the costs and distractions of protracted litigation, an outcome we clearly believe serves the best interest of our shareholders,
five physical structure
it will become the most significant physical structure and place in the world five years from now.