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Media Mogul Levin to Resign Top Post at AOL Time Warner.
Byline: Shelley Emling
Dec. 6--NEW YORK--Gerald Levin, perhaps the most powerful person in media and communications, said he will step down as chief executive of AOL Time Warner Inc. in May.
Levin's retirement was seen as a sign that leaders of America Online will take more control over the direction of the world's largest media company. Levin will be replaced by co-chief operating officer Richard Parsons, who has a long history of political involvement and a knack for consensus-building. Parsons will become one of the highest-ranking black executives in corporate America.
Steve Case, a co-founder of AOL, will remain as chairman, while the company's …
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