Pali Research's Rich Greenfield pens another poison letter to Time Warner management: He concludes that AOL is screwed because kids these days spend all their time on MySpace and Facebook (Rich, Brandeis Class of '95, is on FB too. Status update: "Richard is telling everyone to install the facebook for blackberry application...awesome"). Everything else is lousy too: Cable's a mess, networks have issues, so do film and publishing.
As we've noted before, Rich is not a favorite among TWX execs. This won't earn him any more friends: He concludes by questioning whether Jeff Bewkes really ought to be the designated heir to Richard Parson's throne