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TW’s Parsons: Successful Digital Tranisition Would Make Time Inc. ‘Growth Business For A Long Time’

Earlier today we published Rafat’s interview with Time Inc. CEO Ann Moore. Time Warner chairman and CEO Dick Parsons talked about the magazine unit and other parts of the mega-media company’s business during a Merrill Lynch conference in London. I haven’t had a chance to listen yet but Nat Ives at AdAge took good notes. Some highlights:

Time Inc.: “I think it can be an 8 percent, 9 percent, 10 percent growth business for a long time if we successfully complete the transition to online.” He said more titles might yet be sold or closed: “We hadn’t gone through and really pruned the portfolio, if you will. We’ve sold some titles and we’ve closed some titles also. We’ll probably look to continue to do that.”

Cable nets: Parsons: “We’re still thinking about how to make TNT and TBS more online-friendly. … “I’m going to say something I shouldn’t say. I worry about CNN more now than I do about”

Electronic downloads: Parsons talked up simultaneous theater/online movie releases: “”Everyone’s afraid it’s somehow going to upset the 800-pound gorilla, Wal-Mart. We don’t think so. We think and what we’ve shown in some of our trials is the video on demand can help increase sell-through as well as change the economics dramatically for the studios. … “It will be a cold day in hell that I would actually get up from my apartment to go to the video store. I’ve never actually been in a Wal-Mart.” (That’s what we call in my house an admission against self-interest.)

AOL: “”I think by the end of this year we’ll be in a place where we can make the call on AOL.”