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FILE - Richard Parsons, Chairman of Citigroup, speaks at Time Warner's headquarters Monday, June 15, 2009 in New York. (AP Photo/Mark Lennihan, File)

FILE - Richard Parsons, Chairman of Citigroup, speaks at Time Warner's headquarters Monday, June 15, 2009 in New York. (AP Photo/Mark Lennihan, File)

FILE - Richard Parsons, Chairman of Citigroup, speaks at Time Warner's headquarters Monday, June 15, 2009 in New York. (AP Photo/Mark Lennihan, File)

FILE - Richard Parsons, Chairman of Citigroup, speaks at Time Warner's headquarters Monday, June 15, 2009 in New York. (AP Photo/Mark Lennihan, File)

FILE - AOL/Time Warner CEO Dick Parsons helps announce a new partnership to produce "Showtime at the Apollo" variety show Wednesday, Aug. 21, 2002, in New York's Harlem neighborhood. (AP Photo/Beth A. Keiser, File)

FILE - AOL/Time Warner CEO Dick Parsons helps announce a new partnership to produce "Showtime at the Apollo" variety show Wednesday, Aug. 21, 2002, in New York's Harlem neighborhood. (AP Photo/Beth A. Keiser, File)

FILE - Turner Broadcasting Systems Chairman & CEO Ted Turner, right foreground, and Richard Parsons, Time Warner president, to Turner's right, applaud the outcome of the Time Warner shareholders' vote, in New York, Thursday, Oct. 10, 1996. (AP Photo/Marty Lederhandler, File)

FILE - Turner Broadcasting Systems Chairman & CEO Ted Turner, right foreground, and Richard Parsons, Time Warner president, to Turner's right, applaud the outcome of the Time Warner shareholders' vote, in New York, Thursday, Oct. 10, 1996. (AP Photo/Marty Lederhandler, File)

FILE - Time Warner CEO, Richard D. Parsons, participates in the White House Conference on the Economy: Financial Challenges for Today and Tomorrow, Thursday, Dec. 16, 2004, at the Ronald Reagan Building in Washington. (AP Photo/Lawrence Jackson, File)

FILE - Time Warner CEO, Richard D. Parsons, participates in the White House Conference on the Economy: Financial Challenges for Today and Tomorrow, Thursday, Dec. 16, 2004, at the Ronald Reagan Building in Washington. (AP Photo/Lawrence Jackson, File)