Dick Parsons to media investors: Pussies!

Don't blame Time Warner chief Dick Parson for his companies stock woes, because he blames it on investor wariness of the media industry. But Shareholders blame it on TimeWarner saying that the company still has no clear cut strategy for it's AOL unit and corny moves that tank like 'Poseidon''. Time Warner yesterday said it will present a revamped business plan for AOL on Aug. 2. The shares have declined for seven straight days on concern that AOL's cash flow will falter. The stock dropped 14 cents to $16.42 at 12:05 p.m. in New York Stock Exchange composite trading. Superman didn't help the stock, AOL is still a ball and chain, but we are going to hold off on our comments on that part until after we see the plans to be revealed by AOL boss Jon Miller. read...