Rumors At Time Warner
And even more rumors for ’09 Mayoral Race

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There’s nothing to announce yet, but Time Warner Inc. may have a new CEO as early as next week.

Richard Parsons, the current chief executive, may hand off the title to Jeffrey Bewkes, president of the company. Bewkes was responsible for changing AOL’s business focus to advertisers, instead of users. That strategy appealed to about six moms in the Midwest.

But why would Parson, who is only 59, leave Time Inc.? Word on the street is that he’s considering a bid for the Republican nomination for Mayor of New York.

That’s just what New York needs: Another Republican media conglomerate executive with no political background to run this city. No really, that doesn’t sound so bad.

Oct 29, 2007 · posted by rebecca · Link · Respond
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