Word: pittman
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...RESIGNED. ROBERT PITTMAN, 48, chief operating officer of AOL Time Warner (owner of Time) and one of the architects of the spectacular rise of AOL prior to its merger with Time Warner in 2000; in New York City. Pittman was viewed as a formidable force within the media giant, but has been widely criticized lately as AOL's growth has stalled and the stock has imploded. "It's time to take a break," Pittman said...
...days we'd call that a content-driven business model. And it will work just as well for broadband Internet. What AOL needs more than anything right now is a hit Web show. Throw in a cable-TV tie-in for good measure, and AOL's chief officer, Robert Pittman, will see that the company is on top once again. ALLAN HOVING Westport, Conn...
...division's long-term-growth gambit is to attract as many of its dial-up customers as possible into the promised land of broadband, where they would pay more--eventually as much as $200 a month, in Pittman's rosy scenario--for a variety of on-demand services, from wireless instant messaging to the ability to listen to Norah Jones or watch A Beautiful Mind anytime they like...
...Pittman put AOL back on track? His appointment was lauded among employees who view him as an impassioned leader with a down-home style that reflects his Southern roots and a long stint in the music business. (After an early spell in radio, Pittman went on to found MTV and VH1 and did a stint at Time Warner before joining real estate firm Century 21.) He flies his own jet and has houses in New York, Colorado and Jamaica. But unlike many other AOL millionaires who spend more time with their toys than at the office, Pittman is committed...
Both Parsons and Pittman have insisted that AOL's troubles are not as dramatic as the headlines suggest. Growth may have slowed, but it hasn't vanished. Pittman has told AOL division staff members to refocus on the service's core mission, "figuring out what's important to people and how to make it more convenient for them to do that online...