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Transaction Timeline for AOL/Time Warner

October 11, 2000


Arthur H. Harding, Esq.
Fleischman and Walsh, LLP
1400 Sixteenth Street, N.W., Suite 6000
Washington, DC 20036
George Vradenburg, III
Steven N. Teplitz, Esq.
America Online, Inc.
1101 Connecticut Avenue, NW
Suite 400
Washington, DC 20036
Peter D. Ross, Esq.
Wiley Rein & Fielding
1776 K Street, N.W.
Washington, D.C. 20006
Catherine R. Nolan, Esq.
Time Warner, Inc.
800 Connecticut Avenue, NW
Suite 800
Washington, DC 200006

Re: AOL/Time Warner Application for Consent to Transfer of Control, CS Docket No. 00-30

Dear Counsel:

We are today stopping the clock on consideration of the license transfer applications related to the proposed merger between AOL and Time-Warner. As you know, the clock may be stopped for a limited number of reasons that reflect circumstances largely beyond the agency's control. It is the FCC's normal practice to wait for action by the antitrust agency (Department of Justice or the Federal Trade Commission) before taking its own action because the factual basis for the FCC's review of whether a license transfer is in the public interest may be affected by the antitrust agency's determinations. Once the Federal Trade Commission has acted, we will promptly publish an anticipated timeline for FCC action.


Christopher J. Wright
General Counsel

cc: Deborah Lathen
James Bird