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  Case resigns as AOL chairman
Time: 18:58 EST/23:58 GMT | News Source: CNN | Posted By: Todd Richardson

AOL Time Warner on Sunday said Steve Case will step down as chairman of the company following the shareholders' meeting in May, but remain as a director of the company with joint responsibility for corporate strategy. Case, the architect of the troubled mega-merger of America Online and Time Warner, in a statement said his role as chairman had become a "distraction" for the world's largest media company in the face of disappointment with its post-merger performance.

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