December 7, 2001 |
On the morning after AOL Time Warner Inc. completed its $99-billion merger in January, the freshly appointed co-chief operating officers were asked how they'd slept the night before. Robert W. Pittman replied energetically that he'd barely slept a wink, working late to close the deal and still running high on adrenaline. Richard D. Parsons, after a beat, responded, "I slept like a log."
September 7, 2005 |
Time Warner Inc. Chief Executive Richard Parsons, under the gun from financier Carl Icahn to boost the media conglomerate's stock price, received a vote of confidence Tuesday from the world's fifth-richest man. "We have full trust and confidence in Mr. Parsons," Saudi Prince Alwaleed bin Talal said in an interview from Paris. Alwaleed owns about 1% of New York-based Time Warner. Separately, Alwaleed also reiterated his support for another media chief, News Corp.
February 21, 2003 |
Richard D. Parsons' young reign as chairman and chief executive of AOL Time Warner Inc. is showing signs of lingering strain where he least needs it: among the officer corps that keeps his huge operating divisions running. Parsons, who has headed the media giant for less than a year and became chairman only a month ago, last week gathered his 150 top managers for a two-day retreat that was supposed to consign intra-company rivalries to the past.
January 13, 2001 |
Even as the celebratory champagne flowed Friday, executives at the newly created AOL Time Warner began the sobering task of leading the world's largest entertainment and media conglomerate. After a yearlong government review, America Online, the No. 1 Internet firm, and Time Warner, the world's leading entertainment company, closed their $99-billion deal late Thursday night, the biggest corporate merger in U.S. history.
December 6, 2001 |
In a move that stunned the entertainment world, Gerald Levin announced Wednesday that he will retire in May as chief executive of AOL Time Warner Inc., the world's largest media company. Levin's successor will be his longtime deputy, Richard Parsons, 53, who became co-chief operating officer in January 2000 as part of Time Warner's merger with AOL. Levin chose Parsons over Robert Pittman, former America Online president, who has shared the COO title since the landmark merger in January.
January 30, 2003 |
Battered media giant AOL Time Warner Inc. posted an annual loss of $98.7 billion, the largest in corporate history, after taking another massive charge to reflect the falling value of its Internet unit and other properties. The company's $45.5-billion fourth-quarter write-off, tied largely to the America Online division, was more than double Wall Street expectations. The noncash charge resulted in a loss of $44.9 billion, or $10.04 a share, for the quarter.
December 4, 1994 |
Richard Parsons pokes his head out of a conference room and asks if he can have a few more minutes before a scheduled interview. He's got a few loose ends to wrap up here at Dime Bancorp--a proposed merger must still be closed--before he can discuss his next career move. In nearly two dozen years of work, Parsons has already led three lives--as a government policy-maker, lawyer and bank company chairman. He starts a new one in February when he becomes second in command at Time Warner Inc.
November 25, 2003 |
Time Warner Inc. jumped into the music business in 1967 when entrepreneur Steve Ross purchased the first batch of entertainment companies that would form the core of today's media giant and its Warner Music division. As Time Warner grew into an entertainment conglomerate, music became one of its main cash cows and later a centerpiece of its star-crossed merger with America Online Inc.
May 16, 2003 |
John Billock, second in command at AOL Time Warner Inc.'s cable unit, can't forget the day he and Jeff Bewkes tried to sail the 20-odd miles from Martha's Vineyard to Nantucket Island back when they were executives at HBO. They set out in a small boat with no motor or compass. After five hours fighting dead-on winds in shoals, fog and heavy water, Bewkes declared: "Look, we're only halfway. We can keep going, but chances are 50-50 that we're going to die."
CALIFORNIA | LOCAL
October 14, 1990
Regarding Dana Parsons' column on the perceived fears of Santa Ana librarians who claim intimidation from the department head Rob Richard: Parsons' writing confuses me. If he had to face the wrath of a managing editor or publisher, perhaps he would empathize with those who are fearful for their livelihood. WILLIAM E. HARPER El Monte