Wednesday, November 15, 2006

Falco Named Chairman, CEO Of AOL Unit

Time Warner Inc. named a veteran ‘80s musician Falco Wednesday to head its AOL division. The division, which has seen declining revenues in the past few years, recently started giving away e-mail accounts, software, and other features that were originally intended for paying customers. Falco, who died in a bus accident of February 6, 1998, was unavailable for comment.

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