FOR IMMEDIATE RELEASE NEWS MEDIA CONTACTS: July 25, 2000 Joy Howell (202) 418-0505 Michelle Russo (202) 418-2358 FCC TO HEAR VARIETY OF VIEWS ON AOL-TIME WARNER MERGER Announces Panelists and Schedule for Public Hearing Washington, DC -- The Federal Communications Commission announces the agenda and speakers who will appear at the America Online Time Warner en banc hearing on July 27, 2000. The purpose of this hearing is to assist the Commission in its review of the joint applications of America Online, Inc. ("AOL") and Time Warner, Inc. ("Time Warner") for approval of the transfer of Commission licenses and authorizations to a new entity, AOL Time Warner, in connection with the merger of AOL and Time Warner. The schedule and draft agenda are attached to this news release. The en banc will be held on July 27, 2000, from 1:00 p.m. to 5:00 p.m. at the Federal Communications Commission in the Commission Meeting Room, 445 12th Street, S.W., Washington, D.C. 20554. The en banc will be open to the public, and seating will be available on a first come, first served basis. The FCC does not have a press filing facility so reporters should make their own arrangements. Because the Commission cannot accommodate all requests to participate in the en banc hearing, the public is invited to submit written testimony for the record. Parties who have already filed written comments need not re-file or re-state their previously filed comments. Two (2) copies of all written testimony filed should be submitted by Friday, August 18, to Magalie Roman Salas, Secretary, Federal Communications Commission, 445 Twelfth Street, S.W., Washington, D.C. 20554. Persons filing testimony should also provide one (1) copy of their filing to each of the following persons located at the above address: Linda Senecal and Royce Dickens of the Cable Services Bureau, and James Bird, Office of General Counsel (Room 8-C824), as well as one (1) copy to International Transcription Service, Inc., 1231 20th Street, N.W., Washington, D.C. 20036. Testimony may also be filed electronically. For information on electronic filing or information on how to obtain copies of other documents filed in this proceeding, please refer to the Commission's March 27, 2000 public notice in this proceeding (DA00-689) or contact one of the persons listed below. The March 27 public notice and other information about the merger can be found on the Commission's web site at http://www.fcc.gov/transaction/aol-tw.html and http://www.fcc.gov/csb. - more A transcript of the en banc will be available 10 working days after the event on the FCC's Internet site. The URL address for the FCC's Internet Home Page is http://www.fcc.gov. Transcripts may be obtained from the FCC's duplicating contractor, International Transcription Service (ITS) at (202) 857-3800 or fax (202) 857-3805 or TTY (202) 293-8810. ITS may be reached by e-mail at: service@itsdocs.com. ITS's Internet address is http://www.itsdocs.com. The transcript is available to individuals with disabilities requiring accessible formats (electronic ASCII text, Braille, large print, and audiocassette) by contacting Brian Millin at (202) 418-7426 (Voice), (202) 418-7365 (TTY), or by sending an email to access@fcc.gov. The en banc can be viewed over George Mason University's Capitol Connection via the Internet by calling (703) 993-3100 for more information. The audio and video portions of the en banc will be carried live, and will be available subsequently, on the Internet via the Commission's Internet broadcast page at http://www.fcc.gov/realaudio. The Information Superstation (Washington, D.C.) will carry the en banc live over television Channels 28 and 42. The en banc can also be heard via telephone, for a fee, from National Narrowcast Network, telephone (202) 966- 2211or fax (202) 966-1770. Users must have an account with National Narrowcast prior to the en banc. Audio and video tapes of the en banc may be purchased from Infocus, 341 Victory Drive, Herndon, Virginia 20170, by calling Infocus at (703) 834-0100 or by faxing Infocus at (703) 834- 0111. Cable Services Bureau Contact: Linda Senecal (202) 418-7044 TTY: (202) 418-7172 -FCC- For more information and news about the FCC's review of the AOL-Time Warner merger, please visit the web site at www.fcc.gov/csb. EN BANC HEARING ON AMERICA ONLINE, INC. AND TIME WARNER, INC. APPLICATIONS FOR TRANSFER OF CONTROL CS DOCKET NO. 00-30 DRAFT AGENDA 1:00-1:15pm INTRODUCTORY REMARKS Chairman William E. Kennard Commissioner Susan Ness Commissioner Harold Furchtgott-Roth Commissioner Michael K. Powell Commissioner Gloria Tristani 1:15-1:55pm THE APPLICANTS' OPENING STATEMENTS Steve Case, Chairman and CEO, America Online, Inc. Gerald Levin, Chairman and CEO, Time Warner Inc. 2:00-2:30pm THE MERGER IN CONTEXT Esther Dyson, Chairman, EDventure Holdings Barry Nalebuff, Professor, Yale University 2:35-3:35pm PANEL I Impact of the Merger on Diversity and Competition: Consumer Perspectives Barry Orton, Professor, University of Wisconsin Mark Cooper, Director of Research, Consumer Federation of America Manuel Mirabal, Chair, Hispanic Association on Corporate Responsibility and Chair, National Hispanic Leadership Agenda James Love, Director, Consumer Project on Technology Cathy Cunningham, City Attorney, Irving, Texas Richard D. Parsons, President, Time Warner Inc. Barry Schuler, President, AOL Interactive Services Group 3:35-3:45pm SESSION BREAK 3:45-5:00pm PANEL II Impact of the Merger on Diversity and Competition: Industry Perspectives William F. Reddersen, Executive Vice President, BellSouth Corporation Preston Padden, Exec. Vice President, Disney/ABC Steven Weed, Vice-Chairman, American Cable Association Ross Bagully, CEO, Tribal Voice Inc. Christopher Melcher, Vice President and General Counsel, RMI.NET Richard D. Parsons, President, Time Warner Inc. Barry Schuler, President, AOL Interactive Services Group News Media Information 202 / 418-0500 TTY 202 / 418-2555 Fax-On-Demand 202 / 418-2830 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).