Parsons Expected To Name Bewkes As Successor At Time Warner

Time Warner Inc Chief Executive Richard Parsons is expected to announce on Monday that he will step down and be replaced by Chief Operating Officer Jeffrey Bewkes, stoking expectations that big changes lie ahead for the world's largest media company.

Bewkes, identified as the heir apparent since 2005, will take over the CEO job on January 1, while Parsons will remain as chairman, according to a report on CNBC. The report said an announcement would come later on Monday.

A Time Warner spokesman declined to comment. The company's shares rose 2.9 percent to $18.39 in morning New York Stock Exchange trade.

Read the whole story: Reuters

Comments

[ducksawce]

05:52 PM on 11/05/2007

Aside from being a top aide to Rockefeller in NY, Parsons was the campaign manager for Guiliani's first mayoral campaign.

A long-time Bush "pioneer" Parsons may be looking for a position under Guiliani. Maybe Attorney General?

A good man, who hangs out with questionable people.

[ilovedessert]

05:37 PM on 11/05/2007

MI6troll YOU REALLY ARE A SCHMUCK. WE ARE JUST INTO A NEW MILLIANA, PERHPAS IT IS HIGH TIME TO LOSS THE BIGOTRY!

[MI6troll]

12:57 PM on 11/05/2007

Uh, oh.

Jewish name.

We know what that means.

Anti-Semitic spamming in 5, 4, 3, 2, ...