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Posts Tagged ‘Modern Family’

Morning Media Newsfeed: 550 Buyouts, Layoffs at Turner | Amazon Acquires Twitch

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550 Buyouts, Layoffs Imminent at Turner; HLN, CNN Among Cuts (The Wrap)
Some 550 buyouts are to be offered at Time Warner’s Turner network this week, including a large number of those at CNN and HLN, which will lead to layoffs if they are not taken voluntarily, according to an individual with knowledge of the network’s plans. TVNewser CNN chief Jeff Zucker will certainly want to protect CNN’s investment in original series and documentaries; the type of programming he’s gone all in on since taking the reins last year. Which departments and programming are affected by cuts remains to be seen. Variety Word of the staff cuts comes at a time when key Turner nets are at a crossroads. Turner’s entertainment networks are poised for a management overhaul following the departure in April of Steve Koonin as entertainment group chief. Meanwhile, CNN sibling HLN has been rumored to be in for a major makeover, possibly in a partnership deal between Time Warner and Vice Media. B&C The buyouts are part of the Time Warner unit’s efforts to cut costs as part of new CEO John Martin’s Turner 2020 plan aimed at cutting costs and aligning spending with company priorities. Turner officials had no comment, but sources said that the voluntary layoffs will be offered throughout Turner, including its news networks CNN and HLN, as well as its entertainment networks, including TNT and TBS. The company is not aiming at a specific headcount but rather is seeking to hit an expense number that includes personnel and other costs. THR The plan at Turner, which employs about 14,000 people worldwide, involves a formula that will allow workers at least age 55 and with a certain number of years seniority to take a buyout somewhat more generous than the usual two weeks of pay for every one year of service, according to a person familiar with the situation.

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NYC’s Version of the Hearst Castle Can Be Yours for $38 Million

The latest edition of Inside This Week’s Private Properties with Wall Street Journal real estate reporter Candace Taylor is chock-full of good stuff. Starting with the idea that William Randolph Hearst once had a need for a high-ceiling 100-foot long room to house his collection of suits of armor.

Hearst’s massive five-story apartment, overlooking the Hudson River, was broken up into smaller units in the 1930s. In the 1990s, a couple restored the remaining main space to its former glory and that chunk is now on the market for $38 million.

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Perez Hilton to Star in Gay Dads of New York

The kinder, gentler Perez Hilton era is going into overdrive.

BunimMurrayLogoPer a Bunim/Murray Productions announcement today, the original Internet gossip king is developing a reality show titled Gay Dads of New York. No word yet on who else, if any, other celebrities might be featured. Hilton so far is the marquee name:

Set in New York City, the reality docu-series will follow Hilton, who recently became a single father, and a group of gay dads, single and married, as they support each other through the ups and downs of raising children.

“Up until now, people know me more for my opinions than who I am,” says Hilton. “This show will give viewers the opportunity to get to know the ‘real’ Perez Hilton and my family, as well as some other really dynamic gay dads, and the women that make up their support system. I am a recent transplant to New York City, looking for friends and open to – hopefully – love. To new beginnings and this exciting new venture!”

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