More Shake-Ups Vowed at AOL Time Warner
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AOL Time Warner Inc. Chief Executive Gerald Levin told investors to expect more management changes at the world’s biggest media and Internet company.
“We will continue to make changes,” Levin said during a speech at a Deutsche Banc Alex. Brown media conference in New York. “That means people coming in and people coming out.”
Since the media giant was formed in January when America Online Inc. completed its $124-billion acquisition of Time Warner Inc., the New York-based company has cut at least 2,400 jobs. Vice Chairman Ted Turner has publicly expressed unhappiness about his diminished role at AOL Time Warner.
There will be “reorganizations and more transactions” at AOL Time Warner, Levin said. He didn’t elaborate.
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