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Time Warner chief vows to turn around AOL.
Publication: Newsday (Melville, NY) Publication Date: 22-SEP-05 |
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COPYRIGHT 2005 Newsday
Byline: Harry Berkowitz
Sep. 22--Saying that turning around America Online is more crucial, Time Warner chief executive Richard Parsons yesterday rebuffed billionaire investor Carl Icahn's prodding to completely spin off Time Warner Cable.
"Right now I think cable is strategically important," Parsons said at a Goldman Sachs investor conference in Manhattan. "Now would not be the time to cast it off. But will that change over time? We'll see."
Icahn, who has the backing of a group of investment firms with a 2.6...
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