[Case's decision was] reached entirely on his own, ... It's Steve's view that this is the best way to ensure we all can focus full attention on carrying out the strategy for growth which he's helped put in place. |
[News Corp. ( NWS : news , chart , profile ) , led by Chairman Rupert Murdoch, holds a controlling stake in DirecTV ( DTV : news , chart , profile ) .] Now, there's an interesting structure there, ... He owns 34%, but for all intents and purposes he's considered to be in control, and that may instructive in terms of where we're going with our cable. |
a number of strategic partners. |
Although MGM is a valuable asset, we have decided to withdraw our bid. Unfortunately, Time Warner could not reach agreement with MGM at a price that would have represented a prudent use of our growing financial capacity. |
As Group chairman, Jeff contributed to our recent achievements by overseeing record-breaking performances at our filmed entertainment and networks businesses, and providing critical leadership for cross-company initiatives involving the digital distribution of content. |
As Steve is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward. |
By acting now to put these matters behind us, we avoid the costs and distractions of protracted litigation, an outcome we clearly believe serves the best interest of our shareholders, |
I am aware that we are living through a time when merely complying with GAAP [Generally Accepted Accounting Principles] may not be enough, |
I am aware that we are living through a time when merely complying with GAAP [Generally Accepted Accounting Principles] may not be enough. |
I have valued partnering with Steve and am pleased he will continue to be active as a director even after he steps down as chairman in May. His extraordinary vision and unique experience will be invaluable, and I look forward to working with him for years to come. |
I like the new Sharon Stone -in-'Basic Instinct' [hairdo], but it doesn't work with the cello. |
I'm pleased to report that our company once again posted strong results for the quarter. Revenues rose 4 percent and Adjusted Operating Income before Depreciation & Amortization (in short, OIBDA, the new metric that we are using to track profitability, which is roughly comparable to EBITDA) increased 11 percent. |
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 short, our company is strong and getting stronger. |
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. |