Article: Richard Parsons Joins Providence Equity Partners as Senior Advisor.

Will Continue To Serve As Chairman of Citigroup, Which Will Remain His Primary Business Activity

PROVIDENCE, R.I. -- Providence Equity Partners Inc., the leading private equity investment firm specializing in media, communications and information companies, announced today that Richard D. Parsons, Chairman of Citigroup (NYSE: C) and former Chairman and Chief Executive Officer of Time Warner (NYSE: TWX), has joined the firm as a senior advisor. He will advise Providence on new investment opportunities and on certain of its existing investments.

Parsons, 61, will continue to serve as Chairman of Citigroup, which will remain his primary business activity, ...

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