| By Maureen O'Gara | Article Rating: |
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| March 18, 2009 03:00 PM EDT | Reads: |
4,742 |
Time Warner dumped the misbegotten team of AOL CEO and chairman Randy Falco and COO Ron Grant late Thursday and wheeled in Tim Armstrong, until that minute Google’s Americas sales chief, as CEO and chairman.
Google, remember, owns 5% of AOL bought at the cost of a billion dollars to keep Microsoft out. The companies also have a search ad deal.
According to the formal announcement, Armstrong’s supposed to help Time Warner “determine the optimal structure for AOL.” Given his heritage it probably won’t have anything to do with Microsoft.
One wonders if Google is keeping Armstrong’s chair warm since Time Warner CEO Jeff Bewkes is thought to favor a spin-off.
Published March 18, 2009 Reads 4,742
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara
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