Time Warner hires media analyst

Time Warner hired Douglas Shapiro, a former stock picker for Banc of America Securities, to become the company's head investor, according to a New York Times report.
Shapiro will work under Jeffery L. Bewkes, who within the next few weeks will replace Richard D. Parsons as Time Warner's chief executive.
The report states that "Major changes are likely under Mr. Bewkes that could result in a breakup of the media giant, whose assets include the Warner Brothers movie studio, CNN, Time Inc. and AOL."
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