Ex-AOL CEO Randy Falco Lands At Univision As COO

Nearly two years after being ousted as AOL’s chairman and CEO and replaced by Tim Armstrong, Randy Falco has a new job as EVP/COO of Spanish language media network Univision Communications. Falco, who also once served as COO of NBC Universal (NSDQ: CMCSA), will run ad sales and affiliate relations. He’ll also oversee operations at Univision’s TV and radio station groups, corporate marketing, research and business development.

Falco’s reign at AOL (NYSE: AOL) ended as Time Warner (NYSE: TWX) decided it was best to start over with Armstrong at the helm, as the company planned for a spin-off at the end of ’09. Although AOL’s viability is still met with a good deal of conjecture, things were arguably more dire in January ’09, when Falco announced he was slashing about 700 jobs, canceled merit raises and attempted to reorganize its international business.

Falco was ultimately blamed for one of AOL’s biggest debacles, the $850 million acquisition of UK social net Bebo, which Armstrong finally sold off last June.

Joining Univision represents a return to Falco’s broadcast roots after his two-year tenure at AOL He spent roughly 30 years at NBC, holding a variety of executive posts including president of the network. In his last post as president and COO, one of the areas Falco oversaw included Univision rival Telemundo.

Univision has been serving as a refuge for veteran media execs for a while. In his new post, Falco will be reunited with former AOL products head, Kevin Conroy, who left the company in Jan. ’09 to become Univision’s president of interactive media.

Falco will report directly to CEO Joe Uva, who joined Univision after serving as CEO of Omnicom’s OMD media buying unit.