FOR IMMEDIATE RELEASE News Media Contact: September 21, 2000 Linda Paris (202) 418-7121 David Fiske (202) 418-0513 Statement of FCC Spokesperson regarding AOL/Time Warner Transaction The FCC staff is engaged in ongoing analysis and review of the proposed AOL/Time Warner merger transaction and has made no recommendations to the full Commission on the matter. Any media stories about potential staff recommendations or draft reports can only be based on incomplete and speculative analysis and do not accurately reflect the decision-making process at the FCC. The FCC staff is continuing its analysis of the record in this transaction and will make its recommendations to the Commission upon completion of this review. At that time, the Commission will review the staff recommendations and make its decision. - FCC - 1 2 News media Information 202 / 418-0500 Fax-On-Demand 202 / 418-2830 TTY 202/418-2555 Internet: http://www.fcc.gov ftp.fcc.gov Federal Communications Commission 445 12th Street, S.W. Washington, D. C. 20554 This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action. See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).