Time Warner fires HBO CEO

NEW YORK: HBO chief executive Chris Albrecht was fired by Time Warner after his weekend arrest on suspicion of assaulting his girlfriend in Las Vegas.

Albrecht, who said that he was taking a leave of absence to regain control of his alcoholism, said a day later that he was resigning as chairman and CEO Time Warner's request.

His resignation also came after the LA Times reported that HBO had paid a settlement of at least $400,000 to a subordinate and former lover of Albrecht's after she accused him of assaulting her.

Time Warner chairman and CEO Richard Parsons said that it is the right decision for the company.