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Richard D Parsons

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BUSINESS
January 13, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Even as the celebratory champagne flowed Friday, executives at the newly created AOL Time Warner began the sobering task of leading the world's largest entertainment and media conglomerate. After a yearlong government review, America Online, the No. 1 Internet firm, and Time Warner, the world's leading entertainment company, closed their $99-billion deal late Thursday night, the biggest corporate merger in U.S. history.
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BUSINESS
November 25, 2003 | Jeff Leeds, Times Staff Writer
Time Warner Inc. jumped into the music business in 1967 when entrepreneur Steve Ross purchased the first batch of entertainment companies that would form the core of today's media giant and its Warner Music division. As Time Warner grew into an entertainment conglomerate, music became one of its main cash cows and later a centerpiece of its star-crossed merger with America Online Inc.
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BUSINESS
November 25, 2003 | Jeff Leeds, Times Staff Writer
Time Warner Inc. jumped into the music business in 1967 when entrepreneur Steve Ross purchased the first batch of entertainment companies that would form the core of today's media giant and its Warner Music division. As Time Warner grew into an entertainment conglomerate, music became one of its main cash cows and later a centerpiece of its star-crossed merger with America Online Inc.
BUSINESS
January 13, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Even as the celebratory champagne flowed Friday, executives at the newly created AOL Time Warner began the sobering task of leading the world's largest entertainment and media conglomerate. After a yearlong government review, America Online, the No. 1 Internet firm, and Time Warner, the world's leading entertainment company, closed their $99-billion deal late Thursday night, the biggest corporate merger in U.S. history.
ENTERTAINMENT
December 8, 2004 | From a Times staff writer
A year after winning construction approval from Congress and President Bush, the Smithsonian Institution said Tuesday it is about to receive the first federal appropriation for the planned National Museum of African American History and Culture. The $3.9-million appropriation for 2005 will be used for engineering studies, planning and staffing, the Smithsonian said. The institution also announced that it has appointed 19 members to the African American museum's council.
BUSINESS
September 23, 1995
When the Time Warner Inc.-Turner Broadcasting System Inc. merger is complete, the new company's broad will consist of Time Warner's current directors plus Ted Turner and one member he will name at a later date. TIME WARNER Gerald M. Levin J. Richard Munro Merv Adelson Beverly Sills Greenough David T. Kearns Lawrence B. Buttenwieser Edward S. Finkelstein Carla A. Hills Henry Luce III Francis T. Vincent Jr. Reuben Mark Donald S. Perkins Richard D. Parsons Michael A. Miles Raymond S.
BUSINESS
July 26, 2002 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Shares of AOL Time Warner Inc. dived 15% into the single digits Thursday on a flock of downgrades by Wall Street analysts after word of an SEC investigation into accounting practices at the America Online unit. Not only does the Securities and Exchange Commission probe create new uncertainty, but several analysts said they have no confidence that leaderless America Online can effectively deal with sputtering subscriber growth and fast-shrinking advertising revenue.
BUSINESS
September 18, 2003 | Edmund Sanders, Times Staff Writer
The company that once liked to bill itself as the "world's first Internet-powered media giant" is ditching its online moniker. At a monthly meeting today, AOL Time Warner Inc.'s board of directors is expected to approve dropping AOL from the corporate name. It's the latest, and perhaps final, sign that America Online's much-ballyhooed acquisition of Time Warner has been turned on its head, with the entertainment company dominating the online service.
BUSINESS
November 24, 2004 | From Times Staff and Wire Reports
Nothing, it seems, is settled just yet between Time Warner Inc. and federal regulators who have been investigating accounting practices at the company's America Online division. The Washington Post reported Tuesday that Time Warner and the Securities and Exchange Commission were nearing a settlement in which the world's largest media company would pay the government $750 million. Under the deal, Time Warner would not admit any wrongdoing.
BUSINESS
November 10, 2007 | Thomas S. Mulligan, Times Staff Writer
Time Warner Inc. signed a five-year employment agreement with incoming Chief Executive Jeffrey L. Bewkes and signaled that Bewkes would add the chairman's title at the end of next year. The media conglomerate, in a regulatory filing Friday, said Bewkes would receive annual base pay of $1.75 million, plus an annual target bonus of $8.5 million. The base pay is a raise from his $1.25-million salary this year as president and chief operating officer, and the target bonus is up from $7.5 million.
BUSINESS
October 27, 1998 | From Associated Press
The federal government sued Time Warner Inc. and its subsidiaries Monday, alleging that they denied health and pension benefits to hundreds of eligible workers by incorrectly classifying them as temporary workers or independent contractors. The workers come from various divisions within Time Inc., a unit of Time Warner, and include writers and photographers for Time Inc.'s subsidiary publications, the Labor Department said.
CALIFORNIA | LOCAL
June 15, 2001
President Bush's handpicked commission on Social Security reform is charged with finding ways to keep the system solvent as a rising number of retirees line up for their promised benefits. But based on the panel's first meeting this week, it seems unlikely that Bush will rush to embrace its recommendations. The 16-member commission's co-chairmen, Richard D. Parsons, a Republican businessman, and former Sen.
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