Falco New CEO of AOL



(image via washpo)

In a nod to the increasingly lucrative online advertising game, AOL picked NBC Universal Television's number two executive, Randy Falco (And, by the way, you can advertise on The Corsair blog here). Interestingly, this occurs at a time when NBC Universal under the diverting "NBC 2.0" banner is cutting jobs and hundreds of millions of dollars from the television division's budget. According to the Washpo:

"AOL chairman and chief executive Jonathan F. Miller will be replaced by Randy Falco, a top NBC Universal executive, in a surprise high-level shake-up announced last evening by AOL parent Time Warner Inc.

"Falco is president of the NBC Universal television group and has worked at NBC since 1975.

"'A key to Time Warner's digital future, AOL is showing early success in transitioning to an advertising-focused business model, and Randy is a first-rate choice to ensure AOL realizes its promise,' said Time Warner Chairman Richard D. Parsons. 'We thank Jon Miller for his four years of farsighted leadership during a difficult time at AOL. We wish him well as he moves into the next phase of his career.'"

Congrats.