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.
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it will become the most significant physical structure and place in the world five years from now.Dick Parsons
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.
Dick Parsons
We're now in a position to do the things that I didn't think we'd be able to do till the 2005 time frame,
Dick Parsons
We wanted to move to a place where our cable company is separately structured, so we'd have cable-based currency to take advantage of further consolidation in the cable space, ... And we wanted to be able to dial up or down our ownership of cable, based on our view of the industry and of the needs of the company at a given point in time.
Dick Parsons
a number of strategic partners.
Dick Parsons
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.
Dick Parsons
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