ANDERSON COOPER, CNN ANCHOR: We have some breaking news to report. We are just getting a report that Steve Case, the chairman of AOL/Time Warner, which is of course the parent company of CNN, is going to step down as chairman effective in May. Apparently, he will continue as a board chairman. That is all the information we have at this point. Steve Case, the chairman of AOL/Time Warner effective in May will step down as chairman of the Time Warner, AOL/Time Warner, of course, the parent company of CNN. Will continue on as a board member. This, of course, comes after months of speculation as to what might happen to Mr. Case. We have had that word today. We will have more on this story as it develops. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com May>
Steve Case to Step Down as AOL/Time Warner Chairman in May