For those that have not heard yet yesterday news broke that Richard Parsons, who up until yesterday was CEO of Time Warner, was stepping down.  Jeff Bewkes will be replacing him however Parsons will remain Chariman of the company.  Parsons did release this statement:

“Jeff is a well-respected business executive both inside and outside the company. His results-oriented management style and deep industry knowledge will be invaluable as he drives growth at Time Warner,” Parsons said of his replacement. “Throughout his career, Jeff has demonstrated the capacity to generate industry-leading performances at our businesses, whether measured in terms of financial, operational or creative successes. We have had a terrific working partnership, and I am proud of what we accomplished together.” 

 There are some nice and quick reads on Portfolio and CNET News.  ON another note earlier this year Portfolio had an interesting 4 part video interview with Parsons.