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Posts Tagged ‘David Gillen’

Morning Media Newsfeed: Turner to Cut 10% of Staff | Politico Names Executive Editor

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Turner to Cut 10 Percent of Workforce (TVNewser)
As part of Turner 2020, the cost-cutting and reorganization plan announced earlier this year, the parent company of CNN, HLN, TBS and others has announced it plans to cut 1,475 jobs. CNNMoney Turner Broadcasting, a unit of Time Warner Inc., will cut its total workforce by about 10 percent in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday. Capital New York The headcount reduction will include buyouts of staff over the age of 55, layoffs and unfilled open roles. Staff that will be laid off will be informed within the next two weeks. That number also takes into consideration the addition of 150 new jobs in “growth areas” at the company. THR The cuts will come at all levels from across the news, entertainment, kids, young adult and sports networks and businesses as well as corporate functions, in 18 Turner locations around the world. About 300 positions will be eliminated within CNN Worldwide, or about 8.5 percent of the roughly 3,500-strong workforce. WSJ This summer, Time Warner rebuffed a takeover bid from 21st Century Fox Inc. Time Warner CEO Jeff Bewkes is under pressure to show Wall Street the company can deliver growth — and a higher stock price — on its own.

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New York Times Names New Sunday Business Editor

David Gillen has been tapped by the New York Times to replace Tim O’Brien – who left for The Huffington Post – as its new Sunday Business Editor. Gillen came to the Times from Bloomberg News in 2007. He’s been Deputy Business Editor for the paper since last year.

Larry Ingrassia, Business Editor for the Times, had this to say about Gillen’s promotion:

As reporters who have worked with Dave on the finance team will attest – and other reporters in Bizday will soon have the pleasure of learning – he has a magical touch with copy, even when things are flying fast and furious.