Tim Armstrong is the new chief executive of AOL, a division of Time Warner (NYSE: TWX) and parent of BloggingStocks. Armstrong, a senior VP at Google (you can read the press release here) replaces Randy Falco, who joined AOL in November, 2006. Also leaving AOL is President Ron Grant.
Time Warner shares initially traded down in after hours trading following the announcement, but were leveling off by 6:30. The stock closed at $8.32 today, a gain of 5%, and at 7pm was at $8.31.
Google exec Tim Armstrong takes helm at AOL
Posted Mar 12th 2009 7:00PM by Amey Stone
Filed under: Google (GOOG), Time Warner (TWX)
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Reader Comments (Page 1 of 1)
3-13-2009 @ 4:20AM
Trini Sario said...
Welcome aboard, Tim. :)
http://www.homespine.net