Richard Parsons – CEO of Citigroup is go…

Richard Parsons – CEO of Citigroup is going to work part time for Providence Equity Partners – they are a private equity firm funded at least in part by Citigroup – and have a major stake in Univision. Mr Parsons was the chairman for Time Warner after Steve Case and AOL’s management were shown the door. He left Time Warner to help save Citigroup – I expect this signals a lot of change in the near term future as the banks try to unwind their radio investments.