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  AOL CEO brings execs in line
Time: 04:23 EST/09:23 GMT | News Source: CNET | Posted By: Alex Harris

A week after ascending the throne, AOL Time Warner CEO Richard Parsons has reorganized the company's upper echelon to expand the pool of executives reporting directly to him, according to a memo seen Friday by CNET News.com. The changes highlight a consolidation of power among former Time Warner executives. Although America Online technically acquired Time Warner when the pair merged in 2001, the "old media" executives are now in control of the world's largest media and Internet company.

"These changes represent my intention to manage the company through a focus on three areas: our financial performance, our strategy and our people," the memo from Parsons reads. An AOL representative declined to comment on the memo but confirmed its authenticity.

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