New York Times: Randy Falco leaving NBC for…. AOL?

NBC Official Is Expected to Join AOL

Randy Falco, the president of the NBC Universal Television Group, is in talks to leave his position as the No. 2 executive at the television group to take a senior operating role at AOL, Time Warner‘s Internet subsidiary, according to executives briefed on the move.

The move to shake up the top ranks of the two big media companies is expected to be announced as soon as this week. But it was unclear last night, the executives said, whether Mr. Falco, 52, would hold the title of president or chief executive at AOL, and what position Jonathan F. Miller, AOL’s chairman and chief executive, would maintain after the move.

Spokesmen for Time Warner, AOL and NBC Universal declined to comment.

Mr. Falco, two people briefed on the discussions said, is considering the position because it would be a chance to run his own business after more than three decades at NBC. Since December, Mr. Falco has reported to Jeff Zucker, the chief executive of NBC Universal Television, who has emerged as the most likely internal candidate to succeed Bob Wright as the chief executive of NBC Universal.

While Mr. Wright’s empire, a division of General Electric, also includes the company’s movie studio and entertainment parks, the television group under Mr. Zucker oversees the NBC television network, Universal Studios, the Spanish-language network Telemundo and cable channels including USA Network, Sci-Fi Channel, Bravo and CNBC.