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Tag: Randy Falco

  • Time Warner hires NBC’s Randy Falco as CEO of AOL unit

    Time Warner hires NBC’s Randy Falco as CEO of AOL unit

    MUMBAI: Time Warner Inc. has hired NBC Universal Television group president Randy Falco as chairman and chief executive officer of its AOL unit, replacing Jonathan Miller.

    The announcement was made by Time Warner Inc.’s chairman and CEO Richard D Parsons and president and COO Jeff Bewkes, asserts an official release.

    Commenting on Falco’s appointment Parsons said, “Jeff Bewkes and I are very pleased that a top operating executive of Randy Falco’s expertise and experience will be leading AOL into its next stage of development. A key to Time Warner’s digital future, AOL is showing early success in transitioning to an advertising-focused business model, and Randy is a first-rate choice to ensure AOL realizes its promise.”

    As president of NBC’s broadcast and network operations division, Falco was in charge of the facilities and operations of the NBC television network worldwide, adds the release.

    Falco added, ” My challenge will be to execute on the strategy that I believe will make AOL once again the leader of the online world. I see a tremendous opportunity for meaningful growth at AOL and will work hard with the fine people at AOL to make sure the company lives up to its full potential.”

    Time Warner, parent of AOL is a US based integrated media and communications company whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.

    Based in Dulles, Virginia, AOL is a global web services company that operates web destinations, runs the country’s Internet access business, and provides a full set of advertising solutions.

  • Yahoo joins forces with Telemundo for new website

    Yahoo joins forces with Telemundo for new website

    MUMBAI: Yahoo Inc. has partnered with Telemundo to form a co-branded web site, Yahoo Telemundo. Its content primarily targets the growing U.S. Hispanic audience. This new website, will replace Spanish-language internet portals previously operated by both companies.

    Under the terms of the agreement, the two companies will merge staff and share advertising revenue, but neither will make any equity investment in the other. However, the details of the profit split were not disclosed.

    According to NBC Universal COO Randy Falco, “This merger provides us with an excellent platform to position Telemundo for the future.”

    Yahoo Telemundo will include content from Telemundo programming including sports, music and entertainment, directed towards Hispanics through Spanish-language, bilingual and English-language content sections.

    The companies are banking on higher advertising revenue from the merger to allow advertisers to extend their reach to the estimated 11.5 million Hispanic population in the United States.

    However, Spanish-language versions of Yahoo’s online service that cater to international markets will not be cobranded, Yahoo said.

    “This partnership is a natural evolution of the larger strategy Telemundo and its digital media team have been developing during the last eight months, a strategy that is strongly anchored on providing relevant original programming to the U.S. Hispanic consumers through multiple platforms,” said Telemundo president Don Browne. “We looked for a partner with superior audience reach, a respected brand, excellent technology and a shared vision of where the business is going. Yahoo! definitely represents all these.”

    A unit of NBC Universal Television Group, Telemundo Communications Group Inc. is a Spanish-language television network that reaches 93 percent of U.S. Hispanic households in 142 markets through its 16 owned-and-operated stations, 36 broadcast affiliates and nearly 684 cable affiliates.