Three execs latest to exit in AOL shuffle
EmptyNEW YORK -- Three top executives are leaving Time Warner Inc.'s AOL, including Jim Bankoff, executive vp consumer and publisher services, sources said.
AOL declined comment Friday.
In his 11 years at AOL, Bankoff was responsible for much of the company's video content, including broadcast of the 2005 Live 8 charity concert, the first nontraditional program to win an Emmy. He also oversaw the development of entertainment news Web site TMZ, Moviefone, AOL Music and Engadget. More recently, he was involved in the creation of This Just In, a comedy Web site collaboration with HBO that replaced AOL's comedy channel.
Joe Redling, president of AOL Mobile, customer management and paid services and chairman and CEO of AOL International, and John Buckley, executive vp corporate communications, also will leave the company as part of an ongoing restructuring of top management. Chief technology officer John MicKinley also is departing at year's end.
Bankoff also oversaw the AOL Instant Messaging service and was head of AOL Web properties, responsible for the development of Netscape, MapQuest and CompuServe, among other services.
The latest changes are the most recent in a companywide shake-up. In November, Randy Falco, former president of NBC Universal Television Group, was named CEO of the company and last week, AOL announced that it laid off 450 employees at its Dulles, Va., headquarters.
The company said in August that it would reduce its worldwide work force by 26% by year's end as part of the move to a new advertiser-supported business model. AOL has laid off 2,200 employees in the U.S. in the past few months.