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.
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.
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