AOL restructures, 3 execs out
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Reports say America Online will split into four semi-autonomous segments to ease decision making. NEW YORK  - America Online is reorganizing itself into four operational units to improve decision
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AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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AOL, the world's largest internet services provider, is to split into four separate divisions to cut red tape and boost profits.
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Wall Street is down on AOL Time Warner -- and worried about its moguls. Yet deeper in the ranks, a cadre of executives is working hard to bring the troubled colossus to life.
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AOL said on Tuesday it has appointed  Ron Grant as its new Chief Operating Officer and president.
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The incoming head of AOL said Tuesday he left a 31-year career at NBC for the chance to transform the online business into a formidable rival to television and other traditional media.
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AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement.
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Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.
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By ANICK JESDANUN  NEW YORK - Ted Leonsis, the AOL senior executive who helped steer his company's transition into a provider of free services supported by advertising, will step down from active management while continuing in an advisory capacity.
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Business News, NEW YORK, Three senior Citigroup Inc. (CN: Quote, Profile, Research) executives are leaving the company, after being found partially responsible for last month&#39;s forced closure of Citigroup&#39;s
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Time Warner CEO Jeffrey Bewkes plans to split AOL into separate businesses, one for access involving its dial-up Internet service, and the other on its audience unit, which would cover its portal and advertising business.
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(InfoWorld) - Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company, Yahoo said Tuesday. The company said the new groups will help it focus on its most important customer segments: the consumer audience, advertisers, and publishers, in an effort to compete more aggressively. Once an Internet and Wall Street darling and consistently one of the Internet's top three sites, the company has struggled in the face of a changing Internet landscape, including the rise of social networking sites, and sharp competition from rivals like Google. The move was not entirely unexpected. Last month, an internal document now known asÂ the "Peanut Butter Memo"Â called for such a reorganization. The memo, written by Yahoo Senior Vice President of Communications and Communities Brad Garlinghouse, accused the company of involving itself in too many separate activities, spreading itself too thin like a layer of "peanut butter," and said it should focus instead on key areas. It also recommended up to a 20 percent reduction in headcount, although no cuts were announced in Yahoo's Tuesday statement. The new units are the Audience Group, the Advertiser & Publisher Group, and the Technology Group. Each group's head will report directly to Chief Executive Officer Terry Semel. The Audience Group will focus on its existing consumer products, such as search, Web-based e-mail, and news aggregation, while developing social networking, mobile and handheld content, and international offerings. Yahoo said a search was underway for a group head. The Advertiser & Publisher Group will handle advertising and relationships with Yahoo partner publishers. It will create a global advertising network both on and off Yahoo sites, but the company did not specify how that will happen, although it recentlyÂ partnered with U.S. newspapersÂ to provide targeted local advertising. Yahoo Chief Financial Officer Susan Decker will oversee this group. Decker will surrender that title and the company will seek a replacement for her, Yahoo said. Yahoo's new Technology Group will be charged with building and maintaining the infrastructure for these new efforts, and will continue its work on "Project Panama." The codenamed initiative is believed to be a new advertising system designed to compete with Google's AdWords, with ads served according to search terms entered by users. Chief Technology Officer Farzad Nazem will head the unit. The new units and titles will take effect beginning January 1, 2007. Rosensweig will leave at the end of March, Yahoo said. No replacement was immediately named.
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Discovery Communications  announced a management shakeup Monday that will see the exit of  five senior execs including Billy Campbell, president of  Discovery Networks U.S.
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The America Online unit of Time Warner Inc. (TWX.N: Quote, Profile, Research) is reorganizing itself into four operational units to improve decision making, the Wall Street Journal and the Washington Post reported on Tuesday.
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AOL will reorganize its business   divisions to simplify its structure as it focuses on boosting   Internet advertising sales globally, according to a memorandum   sent to employees on Wednesday.
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AOL Europe appoints new chief exec
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AOL said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.