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Bewkes: New course for Time Warner ship


November 06, 2007 Jeffrey Bewkes will replace his mentor Richard Parsons as CEO of Time Warner on Jan. 1 after a board vote Monday, and the conglomerate's businesses and corporate strategy are in for a change. The former chairman and CEO of HBO becomes yet another TV exec to lead an entertainment giant, joining CBS Corp.'s Leslie Moonves, Disney's Robert Iger and NBC Universal's Jeff Zucker. Less patient with underperforming assets, Bewkes might consider more asset sales and spinoffs than Parsons hasn't eyed, with AOL, TW Cable and Time on the shortlist of divisions that could be sold or restructured.

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