AOL replaces CEO with NBC exec
Elinor Mills Former Staff Writer
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service and the Associated Press.
Time Warner has hired Randy Falco, president of NBC Universal Television, to be chairman and chief executive of Time Warner's AOL subsidiary, replacing Jonathan Miller. Miller oversaw AOL's reorganization this year from a subscription-based business model to one supported by advertisements. AOL said earlier this year it would reduce its work force by about 5,000 in the transition. The strategy appeared to be paying off as online ad sales at AOL rose 46 percent in the most recent fiscal quarter. (Read full story here.)