Bewkes: New Course for Time Warner

NEW YORK It’s official: Jeffrey Bewkes will replace his mentor Richard Parsons as CEO of Time Warner on Jan. 1 after a board vote Monday, and the conglomerate’s businesses and corporate strategy are in for a change.

The two execs have largely functioned as yin and yang, with Parsons the avuncular diplomat with an easy laugh and Bewkes the hard-driven, bottom-line enforcer with a penetrating gaze.

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