Set forth below are selected "talking points" that may be used from time to time
by representatives of America Online, Inc. and Time Warner Inc.
in discussing the proposed merger of America Online and Time Warner
and the combined company, AOL Time Warner Inc.
Q. What will the combined company be called?
A. AOL Time Warner Inc.
Q. Where will the company be headquartered?
A. AOL Time Warner's corporate headquarters and principal executive offices
will be in New York City, with additional executive offices in Dulles,
Q. Where will the new company's stock be listed for trading?
A. The common stock will be listed for trading on The New York Stock Exchange
under the symbol AOL.
Q. What are some of the strategic advantages that America Online expects to
gain from the merger with Time Warner?
A. By combining the leading interactive services and media companies, AOL Time
Warner will advance the strategic goals of America Online and Time Warner
and will provide the potential for stronger operating and financial results
than either company could achieve on its own. America Online's Internet
resources will drive the digital transformation of Time Warner's divisions,
and Time Warner's resources will advance the development of next-generation
broadband AOL Anywhere services, as well as build subscription and
advertising and e-commerce growth throughout America Online's brands and
products. With leading global brands, cost-efficient infrastructure,
technological expertise and a shared vision for the Internet age, the two
companies' complementary assets will act as catalysts to accelerate the
growth of both subscription and advertising/e-commerce revenues, while also
creating whole new business opportunities.
America Online's success has been guided by the principle that mass market
consumers seek convenience, ease-of-use and trusted brands in their
Internet experience. AOL Time Warner will have an unmatched ability to
provide these through a full range of interactive services delivered across
current and emerging platforms. The combined company will be able to lead
the next wave of Internet growth as