Richard Parsons Quotations

We feel all the more confident in pursuing a more aggressive path to create value at AOL through both its subscription and advertising business initiatives.

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

We're looking out a couple of quarters, to be honest with you.

move forward with renewed confidence in the future.

My daughter watches the news, ... I think kids today are pretty well-informed about what's going on in the world. Hopefully, they'll be a generation that's going to be more understanding, open and willing to cooperate to solve the problems we have.

New Line is having such a blow out year in 2003 that it's impossible to repeat going forward,

I am highly gratified that the board shares my determination to maximize AOL Time Warner's tremendous potential, ... As we address the challenges facing our company and the industries in which we operate, I will work together with the extraordinary people in this company to focus on increasing value for our customers and our shareholders.

I don't think piracy is going to kill the music industry. But digital technology and the ability to download will change the packaging from CDs to a single-based business.

What we have here is the city selecting services that, for whatever reason, the city happens to like and directing those services to be put on.

I think it can be done, and we try to do it,

I was a middle child. I grew up in Brooklyn with three sisters and a brother. You know what that means: everybody is constantly fighting with everybody and you are in the middle of the storm trying to make peace. That is your life. Making everybody work and play well together.

It is possible the SEC ... the two streams will cross, ... We haven't gotten to that bridge yet, let alone figured out how to cross it. We, like everyone else, have to think of alternative ways to get home if one road is blocked.

Jeff is smart, there's no question in anybody's mind. Everyone knows this man is the future for our company.

Overall, I'm pleased with the results from most of our businesses,

My biggest dream for this company is to restore it - to bring Time Warner back to the position that I think it once had and, even better than that, to make it the greatest company in the media and entertainment world.

We hope in the next several months that we'll be able to announce something positive there.

We are the only media company with a major stake in the Internet

Time Warner had another strong quarter on an operating basis against some tough comparisons, ... I continue to be very enthusiastic about the performance of our businesses.

We are not able to predict what the outcome will be or when it will come, ... have progressed significantly enough to give the company some visibility into the (potential) costs.

While no one can stand here and say we're never going to make a mistake, we're not going to make a mistake out of aggressiveness,

We like the business, ... This is a superior platform for delivery of voice and data going forward. It protects and defends our content business. It doesn't mean we're going to go out and do something imprudent.

We will continue to explore ways to structure a combination that will make sense for the two companies and be acceptable to the commission,

We're trying to actually accelerate the transition of our narrowband customers who are inclined to leave for broadband anyway. Keeping them in our house and in our network and in our universe from an advertising perspective makes sense.

While I'm pleased with the first six months of 2003, I think it's fair to say we still have a lot of hard work in front of us,

We're talking to different people about different things. Everyone brings something different to the party.

While there are still challenges ahead, the steps we announced today will help to remove a cloud that has been hanging over the company for some time now,

We will try not to over-promise and we will deliver.

We're very comfortable where we are in debt reduction program, ... I have every confidence we've got more than one way to get there. We have a number of alternatives, we're exploring them all.

We have devoted a significant amount of time and resources to our review and, based on the substantial work we have done to date, do not expect any further restatements from it,

As I said to the investors today, 'Don't judge us by what we said, judge us by what we do,' ... It's going to take us a little while to do some things. But if quarter by quarter we show movement and progress against this plan, I think the investors will then sort of say, 'Well, you know, they've got something there.'

The road back may not be as short as we wish, ... But there are solid reasons to feel confident about the future.

sort of hit the pause button on that.

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.

Ted is my man. I love Ted, ... He knows more, particularly about the television space, which is at least a good third of this company. Ted and I have always had a wonderful relationship, and I am going to be reaching out to him, too.

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.

The bottom line is we think we have a lot of ways to get home, ... We'll explore and exploit the ones that stand out to be the most beneficial to the company.

allow us to price the product at less of a cost and maintain or even improve our margins.

It's market rumors, and I can't curb market rumors,

The board is comfortable with the leadership of the company,

This is a very exciting time for our company and the year is off to a great start,

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.

If there is such thing as a perfect fit, Warner EMI Music is it.

Because the discussions are fluid, we don't know if they will result in any transaction or what form any transaction will take.

I do think that when clouds roll in, it takes a while for them to roll out of the sky even though a lot of good work has been done underneath, ... We're optimistic that, given time and the right type of exposure, the Street will begin to see real value there.

Combining the Warner-EMI roster and relationships with AOL's subscriber base and ease-of-use know-how, we will be able to lead the industry in the way this business develops,

All in all I like our hand right now,

The Chinese are doing everything they can to manage the message. They are opening up in their own time and at their own speed.