Just when you thought Time Warner couldn't get any bigger or dumber**, TW CEO Dick Parsons tells the FT that he wants to move into wireless via acquisition or buying spectrum. His explanation:
“The ultimate table has to be constructed with four legs, not three. The fourth leg will be wireless – how one solves the equation I don’t know,” Mr Parsons said.
Well, that's simple: you divide the second leg by the sum of the tabletop and a chair, then subtract four.
On the upside for Parsons, the TW bar for what constitutes a successful acquisition is pretty low. (Thank you, Gerry Levin, wherever you are...)
** Statistical correlation between "big" and "dumb" = 0.96
Parsons Says Time Warner Needs Mobile Assets [FT]
Posted by TW employee, Apr 04, 2006 9:17AM
content is, and always will, be king.
the bells are spening tens of billions on video distribution and will not go down without a battle (i.e. margins in content distribution will erode over time). content will only become more valuable in this new world. too bad TW sold warner music, passed on the mgm film library and sold 50% of comedy central.