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Robert W Pittman

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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
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
September 4, 1986
Pittman, currently president and chief executive of Viacom International's MTV Networks, is expected to leave that post after Jan. 1 to launch the new firm, described as a "diversified entertainment and communications company." Even though Pittman and MCA will be 50-50 partners, MCA President Sidney J. Sheinberg said his company will provide 100% of the new venture's funding at the outset.
BUSINESS
August 2, 1995 | JOHN O'DELL, TIMES STAFF WRITER
In an unexpected move Tuesday, the new owner of Century 21 Real Estate Corp. said it has taken on a co-investor who will become chief executive of the Irvine-based international residential real estate business. Hospitality Franchise Systems Inc., a New Jersey hotel franchiser, completed its acquisition of Century 21 for $200 million in cash and stock Tuesday and immediately announced that it had sold a stake in the real estate company to entertainment executive Robert W. Pittman.
BUSINESS
August 2, 1995 | JOHN O'DELL, TIMES STAFF WRITER
In an unexpected move Tuesday, the new owner of Century 21 Real Estate Corp. said it has taken on a co-investor who will become chief executive of the Irvine-based international residential real estate business. Hospitality Franchise Systems Inc., a New Jersey hotel franchiser, completed its acquisition of Century 21 for $200 million in cash and stock Tuesday and immediately announced that it had sold a stake in the real estate company to entertainment executive Robert W. Pittman.
BUSINESS
February 6, 1986
Neil R. Austrian, chairman and chief executive of Showtime/The Movie Channel, and Robert W. Pittman, president and chief executive of MTV Networks, have been named to a newly created office of the chief executive of Viacom Cable Networks Group, New York, along with group Chairman Kenneth F. Gorman, who made the announcement.
BUSINESS
September 27, 1994 | Chris Woodyard, Times staff writer
New Theme Park: After much talk about building a second Disney theme park and a resort in Anaheim, the Santa Clarita Valley may instead be the first Southland community to put two theme parks on the same property. Time Warner's Six Flags division said it will build a water park next to Magic Mountain in Valencia, to open next year. Called Six Flags Hurricane Harbor, the park will feature lagoons, replicas of shipwrecks, water slides and a wave pool.
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.
NEWS
May 2, 1996 | DEBORA VRANA, TIMES STAFF WRITER
HFS Inc., which last year acquired Century 21, is purchasing Coldwell Banker for about $700 million. Details on the two companies: HFS Inc. Business: Real estate investments Headquarters: Parsippany, N.J. President/CEO: Henry Silverman Employees: More than 103,000 Franchises: 4,400 Days Inn, Howard Johnson, Park Inn, Ramada, Super 8 and Villager Lodge hotels 1995 sales: $361 million **** Coldwell Banker Corp.
BUSINESS
September 4, 1986
Pittman, currently president and chief executive of Viacom International's MTV Networks, is expected to leave that post after Jan. 1 to launch the new firm, described as a "diversified entertainment and communications company." Even though Pittman and MCA will be 50-50 partners, MCA President Sidney J. Sheinberg said his company will provide 100% of the new venture's funding at the outset.
BUSINESS
September 26, 1986
MTV Networks, a cable-TV unit of Viacom International, on Thursday divided operating responsibilities between two executives, who were each given newly created positions. Tom Freston, a senior vice president and general manager of MTV, was named president of MTV Networks Entertainment.
BUSINESS
September 20, 2002 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Steve Case began AOL Time Warner's board meeting Thursday as chairman, and he still was chairman when the all-day meeting ended. Despite pressure from some major shareholders to oust Case and some anti-Case sentiment on the board itself, the 44-year-old chairman's job status was not on the agenda and was not even discussed, company spokesman Edward Adler said Thursday evening. "Steve Case is chairman and is going to remain so. The board conducted regular business today," Adler said.
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