The NYTimes’ Brian Stelter Tweets:
• FLASH: The CEO and COO of AOL are out; Tim Armstrong of Google is in as chairman and CEO.
Marketwatch.com has more:
Time Warner Inc. said late Thursday it named Google Inc
Senior Vice President Tim Armstrong as Chairman and Chief Executive of Time Warner’s AOL unit. AOL’s current Chairman and CEO Randy Falco along with President and Chief Operating Officer Ron Grant plan to leave the company after a transition period.
Falco was named chairman and CEO of AOL in November, 2006 after spending more than 30 years at NBC in various capacities, last as president and COO of NBC’s television group. He left the company a few months after Jeff Zucker was given the reins of NBCU, succeeding CEO Bob Wright.