Video: Time Warner CEO staff and news service reports
updated 4/30/2004 2:09:35 PM ET 2004-04-30T18:09:35

Time Warner Chief Executive Richard Parsons told CNBC Friday that his company has no plans to spin off America Online, saying "AOL is our one business most in a turn-around."

Calling the Internet service provider Time Warner's "most undervalued business" Parsons said "we're going to hang onto this jewel and make it shine," suggesting that its performance might surprise Wall Street.

Parsons also said the unit's subscriber losses are moderating, and advertising revenue is coming back.

Time Warner is keeping itself open to potential acquisitions, Parsons added, noting that the company strengthened its balance sheet last year, but will be "smart" with any purchases.

© 2013


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%