THE BEWKES ERA IS HERE: TIME WARNER CEO DICK PARSONS to pass THE BATON TO JEFF BEWKES, possibly before you go home today

-SDH We can't believe the time has finally come. The Bewkes era at TimeWarner has arrived and will be in full swing come January 1st 2008. Following this announcement, which according to CNBC is imminent, stick around for a few more announcements about top management at the company like the departure of CFO Wayne Pace who will go on to spend more time and money with the ladies if you know what we mean! It is said that Jeff Bewkes will not name a number two exec but we've made it clear why he needs to appoint a strong number two. Outgoing TimeWarner CEO Dick Parsons will remain on board as Chairman until he officially departs next year. So how will a Bewkes administered Time Warner look? Who are possible candidates outside and inside the company to take the number two spot under Bewkes if at all? Man oh man, this is getting yummier and yummier. Time Warner CEO Parsons to step down: report [Reuters via CNBC]