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]