Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.Parsons died on Thursday at his home in Manhattan. The cause of death was bone cancer, the New York Times reported, citing Ronald S. Lauder, a friend. Parsons was named chairman of CBS Corp. in September 2018 and resigned less than one month later, citing complications from multiple myeloma, a blood cancer.Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124 billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart. Just before he took over, following the surprise departure of CEO Gerald Levin, the newly merged entity posted a record loss of $54.2 billion as the value of its stock sank amid the bursting of the dot-com bubble.“My biggest dream for this company is to restore it — to bring Time Warner back to the position that I think it once had and, even better than that, to make it the greatest company in the media and entertainment world,” said Parsons, who was named chairman in 2003.Parson, a tall Black man with a gentle management style who some compared to a teddy bear, removed AOL from the company’s name, changed key managers and shored up its finances by laying off employees and selling noncore units. Two years into his repair job, Fortune listed Parsons No. 23 on the Power 25,... Continue reading at 'Crains New York'
[ Crains New York | 2024-12-27 15:01:08 UTC ]
AT&T is acquiring ad tech platform AppNexus, with plans to integrate it into its advertising and analytics unit, the company said Monday. The move will undoubtedly shake up the current ad landscape as well as challenge the so-called duopoly of Google and Facebook.AppNexus, which has been... Continue reading at Advertising Age
[ Advertising Age | 2018-06-25 00:00:00 UTC ]
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Time Warner Inc. is no more. Late Thursday, AT&T Inc. announced that it completed its $85-billion acquisition of Time Warner Inc., just two days after a federal judge in Washington gave the deal the green light. AT&T wasted little time consolidating its hard-fought prize — a blockbuster... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-15 00:00:00 UTC ]
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A number of authors have taken to Twitter to accuse Junot Díaz, author of the Pulitzer Prize–winning novel 'The Brief and Wondrous Life of Oscar Wao,' of sexual harassment and other misconduct. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-05-04 00:00:00 UTC ]
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The government on Monday made its final plea to a federal judge to block AT&T Inc.’s $85.4-billion purchase of Time Warner Inc. or order it significantly scaled back, arguing that the combined company would be so powerful it would hinder competition and raise pay TV prices for consumers.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-30 00:00:00 UTC ]
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Time Warner Inc.’s chief executive testified Wednesday that the government’s assertions that AT&T Inc. wanted to buy the company to use its programming as leverage over distributors “makes no sense” because it would limit viewership. “I think it’s ridiculous. It’s not how this works,” Jeff... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-04-18 00:00:00 UTC ]
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Citizens of Lilliput, unite! We must subdue the evil Gulliverer, Zuckerberg!Variety's just-released cover story doesn't exactly say that, but that's the subtext of the trade magazine's "Gulliver's Travels"-inspired cover illustration (above right). In his piece headlined "Facebook Under Fire:... Continue reading at Advertising Age
[ Advertising Age | 2018-04-03 00:00:00 UTC ]
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The biggest U.S. antitrust case of this century kicked into high gear on Thursday as a government lawyer warned that AT&T Inc. wants to buy media giant Time Warner Inc. to “weaponize” its must-have content — a move that would raise prices for consumers and hinder innovation. “Time Warner... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-03-23 00:00:00 UTC ]
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US children’s author Daniel Handler, who writes under the pen name Lemony Snicket, has cancelled a speech he was due to give at a graduation ceremony amid allegations of sexual harassment. Continue reading at The Bookseller
[ The Bookseller | 2018-03-06 00:00:00 UTC ]
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US-based author Sherman Alexie has apologised following anonymous accusations of sexual harassment against him. Continue reading at The Bookseller
[ The Bookseller | 2018-03-02 00:00:00 UTC ]
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Maze Runner author James Dashner has been dropped by his UK publishers, Chicken House and Sweet Cherry Publishing, following allegations of sexual harassment. Continue reading at The Bookseller
[ The Bookseller | 2018-02-17 00:00:00 UTC ]
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Author of the popular young adult series has issued an apology for being ‘part of the problem’ in the wake of anonymous claims posted onlineJames Dashner, author of the bestselling young adult Maze Runner books, has issued an apology in which he says that he “will seek counselling and guidance”... Continue reading at The Guardian
[ The Guardian | 2018-02-16 00:00:00 UTC ]
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In the wake of online accusations, The Maze Runner author James Dashner has lost representation, as has Thirteen Reasons Why author Jay AsherThe Maze Runner author James Dashner has been dropped by his literary agent after a series of anonymous accusations of sexual harassment were made against... Continue reading at The Guardian
[ The Guardian | 2018-02-15 00:00:00 UTC ]
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Jay Asher, David Díaz, and others have been accused of sexual harassment and abuse in the comments section of a January 'School Library Journal' article as the Society of Children’s Book Writers and Illustrators deals with an unfolding controversy. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-13 00:00:00 UTC ]
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The vice president of the Association of Authors Agents, Lizzy Kremer, has said it is important for the trade to draw up industry guidelines on behaviour following the Harvey Weinstein sexual harassment scandal. Continue reading at The Bookseller
[ The Bookseller | 2018-01-19 00:00:00 UTC ]
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A canceled book deal, Amazon buy buttons, and sexual harassment were among the big news stories this past year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-12-29 00:00:00 UTC ]
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The U.S. Department of Justice has sued to block AT&T’s proposed $85-billion purchase of Time Warner Inc. — one of the largest media mergers in American history — arguing that a bulked-up AT&T would stifle competition and lead to higher prices for consumers. “This merger would greatly... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-21 00:00:00 UTC ]
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Industry bodies are holding urgent discussions on tackling the issue of sexual harassment in the trade, following publication of the findings of The Bookseller’s survey on the issue last week. Continue reading at The Bookseller
[ The Bookseller | 2017-11-17 00:00:00 UTC ]
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Just over half of the 388 respondents to The Bookseller’s survey on sexual harassment within the book industry said they have experienced harassment, with 54% of women and 34% of men stating that they had suffered abuse. Continue reading at The Bookseller
[ The Bookseller | 2017-11-10 00:00:00 UTC ]
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AT&T’s proposed $85-billion purchase of Time Warner Inc., which owns CNN, HBO and Warner Bros. studios, is encountering resistance from the U.S. Department of Justice. For months, the Dallas telecommunications giant has been confidently predicting that it would finalize the takeover of Time... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-09 00:00:00 UTC ]
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