And Then There Were Two

Forget synergy. With Bob Pittman gone, AOL Time Warner focuses on its individual businesses

Robert Pittman is often described as a marketing genius, but by the time he sat down with his boss before the July 4 holiday, he had nothing left to sell. As chief operating officer of AOL Time Warner, Pittman had spent close to three months commuting from corporate headquarters in New York City to the America Online offices in Dulles, Va., where he was assigned to rescue the online service from slowing subscriber growth and a plunge in online advertising. Fixing AOL was going to be a long-term project--and Pittman was no longer in for the long haul. He told AOL...

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