FOR IMMEDIATE RELEASE NEWS MEDIA CONTACT: February 29, 2000 Michelle Russo: 202-418-2358 Statement of FCC Chairman William E. Kennard on the Memorandum of Understanding Between America Online and Time Warner Regarding Non-Discriminatory Access for ISPs to its Cable Networks In the Internet Age, consumers want choice and speed. Never before has the market shown more potential to meet these consumer needs. That is why today's commitment by America Online and Time Warner to open their broadband networks is a welcome development. For some time now, I have encouraged the fast-moving broadband marketplace to find business solutions to consumer demand as an alternative to intervention by government. Today's announcement is a significant step in the right direction. I commend America Online and Time Warner for their leadership. It is imperative that Time Warner and other cable companies continue to listen to their customers and foster a robust ISP market. I will keep a close watch to determine if we can continue to forbear from regulation in this area. - FCC -