My selection of industri news

After letting go of former President Ron Grant and CEO Randy Falco, AOL seems to be restructuring its company in order to move forward. The man they have selected to lead the charge towards the next generation is no other than ex-Google advertising head Tim Armstrong. In a rather unexpected turn of events Armstrong was appointed CEO of the Time Warner subsidiary two weeks ago.
Although the new CEO does not officially take his post until April 7, 2009 Armstrong is wasting no time and is already busy making himself abreast of the corporation’s current situation. AOL has not been doing well over the past few years and perhaps it is Armstrong’s creative genius that they need to be able to bring back their glory days.