[ Thursday ]
More About AOL / Time Warner
from an anonymous source...
IRAQI INFORMATION MINISTER MOVES TO AOL/TOME WARNER
Named Company's Official Spokesman
Muhammad Said al-Sahhaf, the former Information Minister of Iraq, was named
today as the new official corporate spokesman for AOL/Time Warner in New
York.
Mr. al-Sahhaf, who just days ago had been saying that coalition troops were
nowhere near the gates of Baghdad, had generally positive things to say
about AOL/Time Warner's prospects in today's competitive media environment.
"The merger of AOL and Time Warner was the most successful merger in the
history of the media world," said Mr. al-Sahhaf, wearing his trademark
beret. "All you have to do is take a look at the value of our executives'
stock options - they're worth untold billions."
Mr. al-Sahhaf disputed reports that the company was desperately trying to
raise cash by selling assets such as its two Atlanta sports teams.
"No parts of this company are for sale - in fact, we'd like to go on a
buying spree right now," Mr. al-Sahhaf said. "That's what companies do when
their bottom lines are gushing cash, which is precisely what ours is doing."
Mr. al-Sahhaf also took issue with reports that Ted Turner, a major AOL/TW
stockholder, was disaffected from the company: "That is insane! Ted Turner
is deliriously happy! At out last board meeting he was purring like a
little kitten. Ask anyone who was there."
MM [19:29]
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