I caught some of Dick Parsons' interview from Jim Cramer's nightly TV program on CNBC, as it was replayed (mid-last-week) on CNBC's "SquawkBox."
To say that Parsons is self-delusional is to be kind. Let's hope he's simply being "diplomatic," as others have described him with increasing frequency recently.
He opined that TW is all about publishing, and the premier company in print publishing. He went on to blithely proclaim that online publishing is publishing, too, so TW will simply enter that market and triumph there, as well.
Personally, when someone is so disconnected from reality as Parsons seems to be, I find it distinctly unsettling.
For instance, read my posts here and here, regarding TW's travails. A few weeks of mild stock price recovery has not fundamentally altered the five-year picture portrayed in the chart in the second post/link.
Separately, I had a chance discussion recently with a manager from one of TW's units, and the manager confirmed what I have been reading in the press lately. It doesn't sound good.
With Dick Parsons drinking so much Kool-Aid, perhaps TimeWarner should just acquire the brand, and save money on wholesale purchases.
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