KEEP
AN EYE ON BOB "PITCHMAN"
Known
as ''Bob Pitchman,'' Robert W. Pittman, forty-seven, is a darling
of Wall Street. His business savvy and track record -- a résumé
filled with high-level jobs in entertainment and new-media companies
-- make him the AOL Time Warner executive to watch, both for hints
of the company's future and clues to its attitude toward journalism.
Pittman
began his career as a disk jockey in his hometown, Jackson, Mississippi,
at fifteen. At stations in Pittsburgh, Chicago, and New York,
Pittman became one of the most successful radio program directors
of the '70s. By the time he was twenty-seven, he had created the
programming for MTV, which launched in 1981. Said to possess an
unusual knack both for creative and analytic thinking, Pittman
helped make MTV the first basic cable network to become profitable.
Since record companies paid for the music videos, much of MTV's
programming content was free to the network.
Pittman
was named c.e.o. of MTV networks in 1983. His tenure saw the redesign
and relaunch of Nickelodeon, the creation of VH-1 and Nick at
Nite, the expansion of MTV into Europe, Australia, and Japan,
and the company's initial public offering in 1984. Three years
later, after an unsuccessful attempt to buy out the network, Pittman
co-founded Quantum Media, which was sold to Time Warner in 1989.
Pittman became an executive assistant to Time Warner's Steve Ross.
As c.e.o. of Time Warner Enterprises, in 1990 he took over the
company's Six Flags amusement parks. (In 1996 his ex-wife, Sandy
Hill Pittman, was one of the climbers on an ascent of Mount Everest
that would become the subject of John Krakauer's book, Into Thin
Air, after several other climbers died as a result of a sudden
blizzard.)
Pittman
came to AOL in 1996, during a customer uprising over the service's
perpetual busy signals. Pittman focused the company on upgrading
its service and consumer-friendliness, and is widely credited
with helping AOL navigate the troubled waters. Today, with all
three AOL operating units reporting to him (AOL, CompuServe, and
AOL Studios), Pittman acts as the day-to-day operating chief under
chairman Stephen Case.
Addressing
a meeting of the Time Inc. Alumni Group in May, Pittman built
his case for the new company on the idea that "the unifying factor"
among AOL Time Warner's divisions was consumer relationships.
"What's this company built on? What's that relationship with the
consumer? It's one thing. It's trust. It's the trust, it's the
authority, it's the credibility, and to me it's the most precious
resource we have," Pittman said. "At the heart of every company
there is something that it is all about, and that's the thing
that you wrap your arms around and you never let anything come
near and you don't even let anyone consider changing that. And
I am very pleased because I think this company -- and now we look
at AOL Time Warner being built from the beginnings of this --
is really built around that. We have the finest journalists in
the world, we have the finest organization that protects and supports
journalists and at our heart is the journalism."
--
F.H.