SEARCH IS ON FOR NEW AOL BOSS

Troubled Online Unit Currently Headed by COO Bob Pittman

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NEW YORK (AdAge.com) -- AOL Time Warner is looking for someone to lead its troubled America Online unit, a company spokesman said today.

Bob Pittman, the media giant's chief operating officer, took over the ailing online unit in April after its former chairman-CEO, Barry Schuler, stepped aside to develop new digital services for AOL.

The search fuels

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months of speculation about Mr. Pittman's future with the company. He has kept a low profile since being dispatched to run AOL, working at the online unit's Dulles, Va., headquarters at least three days a week.

AOL Time Warner hired executive search firm Spencer Stuart to look for a new CEO for AOL.

However, a new CEO could come from inside the company, according to published reports.

Potential inside candidates include Don Logan, chairman of Time Inc.; Michael Kelly, chief operating officer of AOL; and Jimmy de Castro, who was recently appointed president of AOL's interactive marketing unit.

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