Report: TW's Parsons Will Step Down Within Days

Not a Portfolio.com Insider?

In This Issue of Condé Nast Portfolio

Home > Views > Blogs > Mixed Media > Report: TW's Parsons Will Step Down Within Days

Your Name

Your Email Address *
Send a copy to me

Recipient's Email Address *

Separate multiple email addresses (max 20) with commas.

Subject *

Message

0/1500

Email Confirmation

Mixed Media

by Jeff Bercovici

Main

Gifted Editor Decamps for Points South Idle Chatter: Natalie Portman, McCai...

Oct 26 2007 1:07PM EDT

It looks like the timing of Time Warner's power transition could be a matter of days, not weeks. The Times of London is reporting that Dick Parsons could step down as CEO "as soon as next week," yielding the job to Jeff Bewkes. The decision was discussed, though not confirmed, at a board meeting in London this week.

The succession plan has been public knowledge for months, but most observers believed it wouldn't happen until near the end of the year. The widespread assumption is that Bewkes will shake things up more than Parsons, who saw his job primarily as pouring oil on turbulent waters.

I've emailed a Time Warner spokesman for comment on the Times report; will post his response once I get one.

UPDATE, 4:11 p.m.: TW's spokesman tells Reuters it's a rumor. Of course, that's not exactly a denial...

See more in

Conglomerates

Add Your Comment

Already a Portfolio.com Insider? Sign In

Comments*

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile

Recent Blog Posts

Conde Nast Closing 'Portfolio'
Apr 27 2009 10:02AM EDT
Newspaper Circ: 'WSJ' Gains as 'NY Post' Tumbles
Apr 27 2009 9:32AM EDT
Idle Chatter: The Prognosis for Newspapers, more
Apr 27 2009 8:55AM EDT
Late Breaks: MySpace, NYT, 'New York'
Apr 24 2009 4:01PM EDT
Nostalgia, Entitlement and Murdoch's 'Journal'
Apr 24 2009 4:00PM EDT
Huffpo's Lerer on the 'New and Better' Journalism
Apr 24 2009 12:44PM EDT
Ailes Heats Up Cold Spring with Newspaper War
Apr 24 2009 12:33PM EDT
Happy Friday. Now Watch This.
Apr 24 2009 10:24AM EDT
Idle Chatter: NPR Cutbacks, Jon Meacham, more
Apr 24 2009 8:50AM EDT
Late Breaks: Twitter and the 'Times,' more
Apr 23 2009 5:59PM EDT
CNN Partner's Polling Finds CNN Fair, Balanced
Apr 23 2009 4:10PM EDT
'Scientific American' Editor Out in Reorg
Apr 23 2009 3:19PM EDT
Idle Chatter: MySpace, Nerve, 'Millionaire,' more
Apr 23 2009 8:20AM EDT
Late Breaks: 'Observer' Editor Resigns, more
Apr 22 2009 4:15PM EDT
One Marriage, One Memoir, Two Opinions
Apr 22 2009 2:31PM EDT

Links

Also in Portfolio.com

Visit our partner sites

Subscribe to a magazine:

Visit our sister sites:

Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.