Richard Parsons Time Quotations

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.

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.

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.

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 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,

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.

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

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

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.