AOL Time Warner Inc. has hired executive search firm Spencer Stuart to find a new chief executive for America Online.
According to news reports, the search has intensified speculation about the future of company COO Robert Pittman, who was sent this spring to head up the online unit on an interim basis until it got back on track.
Pittman was reportedly hired to help revive AOL, which has been suffering from the sharp decline in online advertising and the slower-than-expected migration of its Internet subscribers to high-speed Internet services.
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