Time Warner Chairman and CEO Dick Parsons has been in fix-it mode since taking over a company bowed under the weight of an unbalanced merger. BW’s Tom Lowry looks over Parson’s methodical to-do list and applauds his actions over the past three years but wonders “if it’s it’s time for him to articulate a broader vision for the company, especially since he’ll have to further distinguish it from rivals in today’s hypercompetitive, technology-driven media world.” Shareholder Morris Mark told Lowry he gives Parsons a B+ so far but whoever heads TW must “make the case that it has really special assets that uniquely position it as a company for the future. I’m not saying Parsons can’t do that.”
The BW piece also picks up on signs that Time Warner Cable may be planning an early ’06 IPO — the moves of two top TW execs to the cable division: John Martin to CFO from chief, investor relations, and Robert Marcus to SVP from his post at TW’s top M&A exec.
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