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Posts Tagged ‘Time Warner Inc.’

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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Morning Media Newsfeed: Todd Eyed for MTP | LA Times Names Publisher, CEO

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Meet The Press Reportedly Plans to Announce New Moderator Soon, Chuck Todd The Favorite (Politico / Playbook)
Chuck Todd, a political obsessive and rabid sports fan, is the likely successor to David Gregory as moderator of Meet The Press, with the change expected to be announced in coming weeks, according to top political sources. TVNewser Meet The Press has slipped to third among the Sunday public affairs shows. Todd is currently NBC’s chief White House correspondent and political director, as well as the anchor of the 9 a.m. Daily Rundown on MSNBC. FishbowlDC The New York Post’s Page Six first reported in late July that Gregory may soon be replaced. The Daily Beast’s Lloyd Grove later wrote in a follow-up piece that, “In multiple conversations that I had with people inside and outside NBC after the item appeared, it was taken as a given that Gregory is toast.” TVNewser Fox News Sunday host Chris Wallace appeared on MediaBuzz to give his thoughts on the rumors and the influence of Sunday shows today. “I think it’s lousy,” Wallace said about how NBC News is treating Gregory amid rumors of his imminent ousting. FishbowlDC “I think they either ought to say he’s our guy, we’re sticking by him, or they ought to get rid of him, but they shouldn’t put him in this limbo,” said Wallace.

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Morning Media Newsfeed: WH Probes CIA Press Leak | Katz, Lenfest Win Inquirer Bidding | New Abramson/NYT Details

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White House Launches Probe Into CIA Station Chief Disclosure (Politico)
The White House has launched an investigation into how the name of the CIA’s station chief in Afghanistan was released to the press Sunday during President Barack Obama’s surprise visit to U.S. troops there, officials said. TVNewser White House counsel Neil Eggleston will oversee the investigation. FishbowlDC On Sunday as President Obama spoke at Bagram Air Base in Afghanistan, a pool report sent to upwards of 6,000 journalists included the name of a CIA station chief in the country, as one of many briefing the President during his visit. HuffPost The Washington Post’s Scott Wilson, who wrote the pool report, had received the list from White House officials. Wilson included the list as part of a pool report from Obama’s visit to Afghanistan that was distributed Saturday by the White House press office, which later sent out a revised version not including the station chief’s name. Despite the pool report appearing in thousands of inboxes, all major news outlets have continued to withhold the covert agent’s name at the government’s request. Time The CIA official operates under a cover, though their identity is known to the Afghan government. The release of the name is not only a faux pas in intelligence circles, but could jeopardize the CIA officer’s career and safety.

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Morning Media Newsfeed: Oprah Eyes Clippers | Viacom to Buy Channel 5 | Time Warner Profits Soar

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Oprah Considering Los Angeles Clippers Bid (ESPN)
Oprah Winfrey, David Geffen and Larry Ellison will join together in a bid to buy the Los Angeles Clippers if the NBA’s board of governors votes to force Donald Sterling to sell the team, Geffen said Wednesday. FishbowlNY Others interested in buying the Clippers include Diddy (he even created his own hashtag #DiddyBuyTheClippers) and Floyd Mayweather. THR The OWN Network founder would pair with music mogul Geffen and Oracle co-founder Ellison in an investor role. On Tuesday, NBA commissioner Adam Silver pledged to force the sale of the Clippers after audio recordings of racist remarks made by owner Donald Sterling surfaced on TMZ days earlier. Sterling, who has owned the Clippers franchise since 1981, faces a ban from attending all NBA games as well as making any business decisions for the team. LA Times / Sports Now Winfrey, in reference to Sterling’s comments, told TMZ on Tuesday that “the plantation days are over.” She also denied having interest in purchasing the team on her own. However, Winfrey’s spokesperson, Nicole Nichols, issued a statement Wednesday confirming that she’s in talks about becoming an investor. Reuters The advisory finance committee of the NBA’s governing board scheduled a meeting for Thursday to review the next steps for forcing a sale of the Clippers, as urged on Tuesday by NBA commissioner Adam Silver, a league spokeswoman said. Sterling, who bought the Clippers in 1981 for $13 million when the team was based in San Diego, has not indicated whether he would relinquish ownership without a fight. Experts have estimated that the franchise, which moved to Los Angeles in 1984, could now be worth as much as $800 million.

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Time Warner Wants to Watch You Watch Crappy TV

Attention lab rats: Time Warner is interested in how often your belly jiggles when you watch “Hart of Dixie.” The company has opened a media lab in Manhattan so it can study consumer reaction to TV shows, websites, video games and magazines. The lab is a 9,600 foot space equipped with a living room, a 47-seat 3-D movie theatre, an observation room and a mini fake grocery store.

“This [lab] can help people learn what their content looks like when it’s actually watched,” Steve Woodward, Time Warner’s Senior Director for Global Broadcast Technology, told The New York Times.

That’s sort of true. People will be responding, but their reactions will definitely be altered, because the place sounds extremely creepy:

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Media Stocks Rallying

wallst04.28.09.jpgReuters took a page out of our playbook and looks at the state of media stocks in today’s economy. What did it find? Good news, actually, at least in the short-term.

The article notes that Time Warner Inc. and News Corp. are up almost 20 percent in the past month while CBS found its stride and jumped 40.

This isn’t likely to last, however, as “experts warn advertising budgets are not yet showing indications of a comeback, after corporations heavily cut spending on everything from print campaigns to Web banners as the recession worsened late last year.”

We should know a lot more later this week when companies ranging from Walt Disney Co. to Viacom report their first quarter earnings. Expect stocks to take a hit as earnings are projected to be quite poor.

LAT In 90 Seconds

35309045.jpgThe Medium Is The Message: Spin Magazine sees its subscription rates rise after giving away its product for free on MySpace. We have no idea how or why, but we really, really hope the nitwits who run newspapers don’t get any ideas.

35307417.jpgLess Is More: And in related news, ad agency Secret Weapon attributes its success to having only three clients at any given time. Right now the agency has two: Honda and Jack-In-The-Box. It’s a very hands-on operation. In fact, one of the agency honchos sounds suspiciously like the voice of Jack.

Breaking Up Is Easy To Do: Time Warner Inc. is splitting AOL in two. The behemoth is eliminating 100 jobs at HQ, hinted it might also spin off its cable unit and threatened to “cut costs” at New Line Cinema, too. (Sorry for the lack of art with this item. This story didn’t come with a picture of two white guys sitting next to an interesting sign.)