AOL gets NBC Universal exec as new CEO

More

Time Warner, Inc. (NYSE: TWX) just announced this evening that it has appointed a new chief executive and chairman to run AOL. Getting the top job, replacing Jon Miller, is Randy Falco, the president and COO of NBC Universal Television Group, a division of General Electric Company (NYSE:GE).

Details about the change are still coming out (see coverage from the Wall Street Journal, subscription required). But it comes at a time when AOL is in transition from a subscription-based business model to an ad-supported media business.

Symbol Lookup
IndexesChangePrice
DJIA+150.2510,058.64
NASDAQ+24.822,150.87
S&P 500+13.781,070.52

Last updated: February 10, 2010: 07:38 AM

Hot Stocks

DailyFinance Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

WalletPop Headlines