Former Time Warner chairman and CEO Richard Parsons was named CEO of ailing financial giant Citigroup, the company said in a statement Wednesday.
Parsons was previously on the board of the company and has been brought in to help turn it around.
Parsons stepped down as Time Warner CEO in December 2007 and ceded his chairman role to successor, Jeff Bewkes, in January. He was with Time Warner for seven years.
Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.
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