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Posts Tagged ‘Bob Wright’

Anything But a (Star-Spangled) Banner Week at Wenner Media

WennerMediaLogoHoly cow. According to Lisa Granatstein, managing editor at Mediabistro’s very-soon-to-be sister publication Adweek, this happened at Wenner Media:

[COO John] Gruber was ordered to fire Rolling Stone‘s head of brand and content and marketing solutions over the phone while the exec was on vacation after newly promoted Wenner Media digital chief Gus Wenner was said to have told his father that he didn’t like him, the sources added.

Not surprisingly, Gruber has bolted. Granatstein notes that this is the highest-ranking shuffle at Wenner Media since Gruber took over for Kent Brownridge in 2005. She also got confirmation of another major departure – Rolling Stone publisher Chris McLoughlin.

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In The Trades: Remakes, Retreads, Rewards

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Remaking a Hong Kong movie paid off once, so Oscar-winning writer William Monahan will do it again, adapting Confessions of Pain for Warners. Leonardo DiCaprio will star and produce under his Appian Way company.

The CW offers Hell on Earth as a pilot from CBS Paramount. A mean girl gets hit by a bus, goes to purgatory and is given a second chance but this time on the wrong side of the tracks. From the team that gave us The Shaggy Dog and Raising Helen, who haven’t had an original thought in their entire lives.

Nickelodeon Movies continues the trend with Unicorn, a family comedy centers on a man who wakes up with a unicorn in his apartment. And a horn in his ass.

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Jeffrey Immel, chairman and chief executive of General Electric, parent company of NBC Universal, received $15.2 million in compensation last year, and Bob Wright, who until recently headed NBC Universal, received more than $15.6 million in compensation. The company had an excellent year, according to the compensation committee as quoted in a proxy statement.

Univision will pay $24 million in fines to settle complaints over children’s programming. A group of investors, led by Haim Saban offered $12.3 billion for the network. So, instead of continuing to argue that soap operas in Spanish are, too, educational, the fines will be paid.

Ex-NBC CEO Wright On NBCU Spinoff: It Wouldn’t Surprise Me

wright_fortune.jpgTwo (relative) bombshells from Tim Arango‘s interview with outgoing NBC Universal CEO Bob Wright in next month’s issue of Fortune:

Early next year Time Warner can separate its cable business from its content businesses without incurring a large tax liability — an event, he says, that could spur efforts to combine NBC Universal and Time Warner, parent of Fortune’s publisher. “It would be a great combination,” he says.

Also:

Arango: Over the years GE (Charts) has considered spinning off NBC. Would you be surprised if in three to five years NBC Universal was not part of GE?

Wright: I wouldn’t be surprised. …

  • Bob Wright’s next move [Fortune]
  • GE CEO On New York Post NBCU Sale Story: ‘Made-Up Stupid Drivel’

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    Media quote of the day number two, via Fortune:

    “That was more or less made-up stupid drivel,” says General Electric Chairman and CEO Jeff Immelt about a story in Wednesday’s New York Post, which speculates that he is considering a sale or spin-off of NBC Universal.

    The “more or less” part is intriguing, considering NBCU “more or less” laid off 700 employees last fall.

    By the way, Immelt made the comment Wednesday afternoon to 400 NBCU employees in Rock Center’s Studio 8H (where SNL is taped) who gathered to welcome Jeff Zucker as their new CEO and to honor outgoing head Bob Wright.

    ‘NBCU 2.0′: Wright’s Move Gets Zucker Made

    jeff_zucker_freston.jpgJack wouldnt’ve, but it appears Bob just did.

    Former GE CEO Jack Welch in last week’s New York magazine:

    If NBC isn’t doing so well, why is Jeff Zucker still in his job?
    JACK: ‘Cause I’m retired. [Pause.] And I think they’ve got a little turnaround going on now. Heroes. And Sunday Night Football helps a lot.

    Bob Wright‘s move:

    Jeff Zucker, the fast-rising television executive who made his name as executive producer of NBC’s morning show “Today,” will be named chief executive of NBC Universal this week, according to four people at the company. Zucker, 41, will succeed Bob Wright, who has spent nearly 21 years building the company brick by brick, transforming “the peacock” from a stand-alone TV network into a sprawling entertainment empire with broadcast and cable channels, a Hollywood movie studio and theme parks.

    For Wright, it allegedly came down to a single, delectable choice:

    “I’m in a very funny position with Zucker. Either I promote him or fire him.”

    EARLIER:

  • NBCU 2.0: Will Zucker Succeed Wright?