A Time For Bold Leadership

Richard Parson's deal-making prowess and diplomatic touch has catapulted him to become CEO of AOL Time Warner,the world's largest media powerhouse

(May 2002)

EDUCATION:
University of Hawaii, 1968; Albany School of Law at Union University, L.L.D, 1971 (valedictorian)

RESIDENCE: New York

PERSONAL:
Married, Dr. Laura Parsons; three children, Gregory, 29, Leslie, 27, and Rebecca, 26

CAREER:
Assistant counselor, New York Governor Nelson Rockefeller, 1975; deputy counsel, Vice President Nelson Rockefeller, 1975; associate director of White House Domestic Council (under President Gerald Ford), 1976; partner, Patterson, Belknap, Webb & Tyler, 1977-1988; Dime Bancorp,1988-1995 (rose from president and COO to chairman & CEO); president, Time Warner, 1995-2001 (has served on Time Warner board since 1991); co-COO, AOL Time Warner, 2001

APPOINTMENTS:
Co-Chairman, Presidential Commission on Social Security Reform, 2001; member, New York City Mayor Michael Bloomberg Transition Team, 2001; Chairman, Upper Manhattan Empowerment Zone, 1995 — 2001; chairman, Apollo Theatre Foundation, 2000; chairman, New York Economic Development Corp., 1995 — 1997; chairman, New York City Mayor Rudolph Guiliani Transition Team, 1993

BOARD AFFILIATIONS:
Citigroup, Estée Lauder, Lincoln Center, Museum of Modern Art, Colonial Williamsburg Foundation, Howard University

HOBBIES: Jazz, watching boxing matches, oenology (the study of wines)

VACATION SPOT: Block Island, Rhode Island; Tuscany, Italy

ENTREPRENEURIAL VENTURE BACKED:
Co-investor in UrbanAmerica L.P., a real estate investment firm acquiring and developing properties in urban neighborhoods, with American Express CEO Kenneth I. Chenault

AOL Time Warner: The Empire
America Online
Time Warner Trade Publishing
Home Box Office
Turner Broadcasting System
New Line Cinema
Warner Brothers
Time Inc.
Warner Music Group
Time Warner Cable

MAGAZINES
ADVERTISING REVENUE IN MILLIONS

1] Time Inc. $3,186.6
2] Hearst 1,286.6
3] Condé Nast 1,185.4
4] Hachette Filipacchi 825.7
5] Meredith 729.0
6] Gruner & Jahr 619.1
7] Primedia 548.6
8] Parade 458.5
9] Gemstar-TV Guide 332.9
10] McGraw-Hill 326.7
     

MOVIES
BOX-OFFICE REVENUE IN MILLIONS*

1] Warner Brothers $1,005.7
2] Universal 909.7
3] Buena Vista 846.4
4] Fox 810.7
5] Paramount 768.9
6] Sony 656.7
7] Miramax 575.4
8] MGM/UA 447.8
9] Dreamworks 400.3
10] New Line Cinema 398.0

MUSIC
EST. WHOLESALE REVENUE IN BILLIONS

1] Universal $2.95
2] Bertelsmann 1.85
3] Sony 1.72
4] Warner 1.72
5] EMI 1.07
6] OTHERS 1.81

INTERNET
U.S. VISITORS, OCTOBER 2001 IN MILLIONS†

1] AOL Time Warner 83.9
2] Microsoft 70.7
3] Yahoo 68.4
4] Terra Lycos 39.5
5] X10.com 39.3
6] Vivendi-Universal 36.5
7] About/Primedia 33.2
8] eBay 25.9
9] Walt Disney 25.4
10] eUniverse Network 25.2

CABLE SYSTEMS
CABLE SUBSCRIBERS IN MILLIONS‡

1] AT&T Broadband 14.4
2] Time Warner 12.7
3] Comcast Cable Comm. 8.4
4] Charter Comm. 6.9
5] Cox Comm. 6.2
6] Adelphia Comm. 5.7
7] Cablevision Systems 3.0
8] Insight Comm. 1.4
9] MediaCom 0.9
10] Cable One 0.8

TV PROGRAMMING
U.S PRIME-TIME CABLE AVG.VIEWERS **

1] HBO 2.2
2] Turner Broadcasting 2.1
3] USA Network 2.0
4] Lifetime 2.0
5] TNT 1.9
6] Nickelodeon 1.8
7] Cartoon Network 1.7
8] Disney Channel 1.5
9] Discovery Channel 1.4
10] A&E 1.4
SOURCE: THE NEW YORK TIMES; PUBLISHER’S INFORMATION BUREAU; A.C. NIELSEN EDI; JUPITER MEDIA METRIX; KAGAN WORLD MEDIA
*AS OF DECEMBER 9, 2001; †AS OF OCTOBER 2001; ‡AS OF JUNE 30, 2001;**AS OF JANUARY — MAY 27, 2001.

 

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