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The Federal Communications Commission approves the AOL-Time Warner union, the last regulatory hurdle for the two companies in their historic merger.
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AOL Time Warner a done deal; how will it affect you?
By CNET News.com Staff The Federal Communications Commission approves the AOL-Time Warner union, the last regulatory hurdle for the two companies in their historic merger.
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Steve Case: The AOL chief executive becomes chairman of AOL Time
Warner. In his new role, he will focus primarily on strategic issues
involving the company's policy initiatives, global expansion and
investments. Case was one of the co-founders of AOL in 1985.
Gerald Levin: Formerly Time Warner's chief executive, Levin becomes
CEO of the combined company and will focus on day-to-day operations. He has
been CEO of Time Warner since December 1992 and chairman of the board since
January 1993.
Bob Pittman: The AOL president becomes one of the co-chief operating
officers of AOL Time Warner. He will oversee the operations of several
divisions, including AOL, Time Warner Cable, Time Inc., Home Box Office,
Turner Broadcasting System, The WB Television Network and business
development. Pittman joined AOL as president and chief executive of the AOL
Networks unit in October 1996 and was appointed president and chief
operating officer in February 1998.
Richard Parsons: The Time Warner president joins Pittman as co-chief
operating officer. He will oversee Warner Bros., New Line Cinema, Warner
Music Group and Time Warner Trade Publishing, as well as the legal and
human resources departments. Parsons joined Time Warner's board in January
1991 and became its president in October 1994.