Dick Parsons Cable Quotations

We wanted to move to a place where our cable company is separately structured, so we'd have cable-based currency to take advantage of further consolidation in the cable space, ... And we wanted to be able to dial up or down our ownership of cable, based on our view of the industry and of the needs of the company at a given point in time.

We like the cable business, ... We think that's a business that's going to be a consolidating business over the next couple of years and we'd like to be in a position to play in that consolidation. And I think this puts us right in the midst of it as we speak.

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.

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.