Getting your player ready...
New York – Jeffrey M. Bewkes was named president and chief operating officer of Time Warner on Wednesday, putting him in line to succeed chief executive Richard D. Parsons, who is fending off the efforts of some investors to break up the company.
Coming on the heels of the company’s newly cemented joint venture between its America Online division and Google, the elevation of Bewkes had been widely expected. For the last three years, he has served as Parsons’ co-deputy.
The move could set the stage for Bewkes, just four years younger than Parsons, 57, to become chief executive of the giant media conglomerate as soon as 2008, when Parsons’ contract expires, one insider said.