Newsweek TWX & Icahn Story
From the print Newsweek:
Crunch Time
He steadied Time Warner after its messy AOL deal. But can Dick Parsons find new growth, lift the stock and disarm Carl Icahn?
Parsons still must decide the fate of AOL, which has struggled since the merger. Its latest strategy is to move to an advertiser-supported portal from its subscription-based model. AOL has seen a sharp jump in advertising revenues, but its base of subscribers for dial-up connections is eroding as customers embrace broadband. Time Warner has studied a sale of AOL, but Parsons seems inclined lately to wait and gauge the prospects of the new strategy.
I guess theres nothing really new with this article....its about the 50th "Time Warner stock sucks, Parsons has made good moves but stock hasn't reacted, AOL sucks, oh yeah this Icahn guy wants change"
Crunch Time
He steadied Time Warner after its messy AOL deal. But can Dick Parsons find new growth, lift the stock and disarm Carl Icahn?
Parsons still must decide the fate of AOL, which has struggled since the merger. Its latest strategy is to move to an advertiser-supported portal from its subscription-based model. AOL has seen a sharp jump in advertising revenues, but its base of subscribers for dial-up connections is eroding as customers embrace broadband. Time Warner has studied a sale of AOL, but Parsons seems inclined lately to wait and gauge the prospects of the new strategy.
I guess theres nothing really new with this article....its about the 50th "Time Warner stock sucks, Parsons has made good moves but stock hasn't reacted, AOL sucks, oh yeah this Icahn guy wants change"
