AOL looks like it may be in the Pitts.
Unconventional Transactions Boosted Sales Amid Big Merger, Company Resisted Dot-Com Collapse
By Alec Klein
Washington Post Staff Writer
Page A1
In October 2000, a critical question confronted America Online Inc. as it sought to clinch the largest merger in U.S. history: Was it feeling the effects of an industry-wide slowdown in advertising? AOL's president at the time, Robert W. Pittman, offered a resounding answer: "I don't see it, and I don't buy it," he told Wall Street stock analysts and the media.
About two weeks before Pittman's declaration on Oct. 18, he and other executives were told in a meeting at Dulles headquarters that AOL faced the risk of losing more than $140 million in ad revenue the following year.
AOL Shake-Up Could Give Key Roles to Logan, Bewkes
By MARTIN PEERS and MATTHEW ROSE
Staff Reporters of THE WALL STREET JOURNAL
NEW YORK -- With AOL Time Warner Inc. Chief Operating Officer Robert Pittman expected to quit any day, the company is weighing a management shake-up giving senior executives from the former Time Warner significantly expanded responsibilities, people familiar with the matter say.
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Thursday, July 18, 2002
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