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AOL Time Warner's Bressler Resigns

By Multi Channel News Staff -- Multichannel News, 3/23/2001 12:52:00 PM

Richard Bressler, head of investments at AOL Time Warner Inc., is resigning, a company spokesman confirmed Friday.

Although the spokesman declined to say when Bressler would be leaving, he added that vice chairman Kenneth Novack would take on Bressler's duties in the interim.

Bressler had been chief financial officer of Time Warner Inc. and headed its digital-media unit before the merger with America Online Inc. was completed in January.

After the deal, Bressler took over AOL Time Warner Investment Corp., a unit that made strategic equity investments and provided venture capital to companies relevant to AOL Time Warner's operating businesses.

He is expected to be a top candidate for the CFO spot at Viacom Inc. Earlier this month, Viacom CFO Fred Reynolds said he would step down for personal reasons. A Viacom spokeswoman declined comment.

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