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Succession Clouds May Start to Clear at Time Warner

What You Should Have Read, Nov. 3, 2007

Published on .

Succession Clouds May Start to Clear at Time Warner
The Wall Street Journal looks at the Time Warner succession plans, saying the open secret that Richard Parsons is likely to hand over his CEO title to No. 2 Jeffrey Bewkes at the start of 2008 will lead to major changes at the company. Those could include spinning off or selling some major assets, including the second-biggest cable-TV operator, the web portal AOL and the Time Inc. magazine unit. Time Warner will announce third-quarter earnings this Wednesday, and an official announcement is expected to be timed to those.
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