Legal News: AOL Time Warner Agreement - Transcript of Microsoft/AOL Time Warner Telephone Press Conference

Legal News: AOL Time Warner Agreement - Transcript of Microsoft/AOL Time Warner Telephone Press Conference "RICHARD PARSONS: I'm going to refer you to our debt level that we disclosed after our first quarter earnings, because this thing moves around all the time, and we were down at around, my recollection is, at about $24 billion net debt, $24 (billion) and change. But, yes, the answer to your question is, from our perspective, we're going to use the settlement proceeds just to retire some debt."