TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Posts Tagged ‘Jeff Bewkes’

Fortune Names Elon Musk Businessperson of The Year

Have you ever won an award? Of course you have. Everyone has, because there are awards for every possible thing you can imagine. The amount of awards completely robs them of their meaning, but it doesn’t matter — everyone likes getting awards/honors, so organizations and companies keep giving them out. Therefore, we imagine Elon Musk is slightly excited about being named Fortune’s 2013 Businessperson of The Year.

Musk, as you probably know, is the guy behind Tesla Motors and SpaceX. He definitely deserves the honor. Cool looking cars and space tourism are important. We think.

Anyway, you can read Fortune’s take on Musk here. Below is the full list of people considered for Businessperson of the Year.

Read more

Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now! 

Time Inc. Spinoff Delayed Again

Screen-Shot-2013-08-07-at-3.02.30-PM-227x300Joe Ripp has been CEO of Time Inc. since September, and though he has made some moves, the biggest change — Time Inc. spinning off from Time Warner — has yet to happen. According to Adweek, Ripp better get comfy, because the spinoff has been delayed. Again.

During an earnings call, Jeff Bewkes, Time Warner’s CEO, said the spinoff won’t happen until the second quarter of next year. The original estimate was Time Inc. would be its own company by the end of this year. Then over the summer it was pushed back to the beginning of 2014.

According to Bewkes, Ripp has been “making great progress” at Time Inc., so maybe this latest delay is just Bewkes giving Ripp more opportunities to impress. That’s probably it.

Time Warner Promotes HR Exec

Time Warner has promoted Karen Magee to executive vice president, chief human resources officer. Magee has served as senior VP, chief human resources officer, since 2011.

Magee has been with Time Warner since 2010, when she joined as senior VP, administration, shared services. Prior to joining the company, Magee served as CEO of PlanetOut Inc., from 2006 to 2009.

“Over the last several years Karen has provided results-oriented leadership in human resources, working with our top executives across the business units to better define, measure and achieve success,” said Jeff Bewkes, CEO of Time Warner, in a statement. “Karen’s efforts have helped to create a workplace environment that attracts and motivates high-caliber talent, which in turn enables us to develop and distribute great television, film and journalism content that is valued by audiences worldwide.”

Magee’s promotion is effective January 1.

Time Inc. Spinoff Pushed Back

You’re going to have to wait a little longer to throw that “Time Inc. Is Its Own Company” party you were planning. According to Ad Age, Time Warner is delaying the Time Inc. spinoff until early next year.

The separation was originally planned for this year, but Jeff Bewkes, Time Warner’s CEO, said he wanted to wait. A factor cited for the delay was not wanting to rush Joe Ripp, Time Inc.’s new CEO.

This seems odd, considering Ripp has already said he’s willing to sell some Time Inc. brands and made his first hire. He seems ready to go.

Also, given that the longer Time Inc. stays connected to Time Warner the longer the publishing house wallows in uncertainty, this doesn’t sound like a good thing to us.

But hey, maybe this is for the best. Your party sounds kind of lame anyway.

Joe Ripp Named CEO of Time Inc.

Joe Ripp is the new CEO of Time Inc. Not Michael KlingensmithDavid GeithnerHoward Averill, or Todd Larsenlike the endless rumors had suggested.

Ripp is the current CEO of OneSource, but he is a veteran of both Time Warner and Time Inc. Ripp served as executive VP and CFO of Time Warner, and served as Time Inc.’s executive vice president, chief financial officer and treasurer. He joined Time Inc. in 1985.

In a statement, Jeff Bewkes, CEO of Time Warner, said Ripp “Is respected as a strategic leader who has delivered financial results throughout his career, and he also happens to have a thorough understanding of Time Inc.’s business.”

Michael Klingensmith Seen as Lead Candidate for Time Inc. CEO

We have a new name to throw into the “Next Time Inc. CEO” hat: Michael Klingensmith. According to The Wall Street Journal, Klingensmith has emerged as the leading candidate to oversee the publishing house when it’s spun off at the end of the year.

Klingensmith is a newcomer to the list of potential Laura Lang replacements. The most recent names considered included David Geithner, Howard Averill, and Todd Larsen — all Time Inc. insiders. However, Klingensmith makes sense, because of his history with the company and his smarts.

According to the Journal’s sources, Jeff Bewkes has said he wants “a real strong finance guy that can help run this company,” (sorry women!) and Klingensmith would fit that role.

Read more

Time Inc. Insiders Seen as Frontrunners for CEO Spot

Months have passed since rumors about who would be named the next CEO of Time Inc. began circulating and yet… Nothing. Jeff Bewkes has yet to name a new head honcho for the company, and Laura Lang — Time Inc.’s current CEO — is like, whatever.

However, if the speculation is correct, the next chief will likely be one of three current Time Inc. executives, and not an outsider, like some had believed. The New York Post reports that the current line of thinking is that if Bewkes doesn’t name someone from beyond the Time Inc. walls by this week, it’ll come down to these three:

  • David Geithner, executive vice president and group president of the Style & Entertainment Group
  • Howard Averill, executive vice president and CFO
  • Todd Larsen, executive vice president and group president of the News & Sports Group

No word on if any of them are excited or scared about this.

Time Inc. Overall Revenue and Subscription Revenue Down for 1Q

Just in case everyone needed a reminder as to why Time Warner wants to ditch Time Inc.: The company’s earnings statement will jog your memory. While Time Warner raked in revenue of $6.94 billion for 2013′s first quarter, it would’ve been much better if not for Time Inc., which reported a five percent drop in overall revenue.

First quarter total revenue for Time Inc. is now at $737 million, compared to $773 million last year. That’s due to an 11 percent drop in subscription revenue and a 10 percent drop in “other” revenue.

For some reason, we’re getting a picture of Jeff Bewkes — instead of giving some big speech when Time Inc. spins off — simply standing in front of staffers and playing Genesis’ “Land of Confusion.

It’s perfect. Really.

David Pecker Considered for Time Inc. CEO Spot

AMI’s top man — David Pecker — is being considered for the top spot at Time Inc. According to the New York Post, Jeff Bewkes has met with Pecker about becoming Time Inc.’s CEO when it spins off. Bewkes has indicated that he wants the new CEO in place before the summer.

As you might expect, Time Inc. staffers aren’t that excited about Pecker. He has kept AMI afloat for so many years through multiple, massive cuts, which won’t exactly inspire confidence in him.

One Time Inc. insider told the Post that if Pecker took the job, there would be plenty of people who would voluntarily depart the publishing house. The source added, “It would really rock the journalists in the company.” We assume the person meant rock in the bad way, not the Slash way.

Names Emerge in The Hunt for Next Time Inc. CEO

Forgive us if you’ve heard this before, but… Rumors are circulating about who will be the next Time Inc. CEO. According to The New York Post, Jeff Bewkes — CEO of Time Warner — wants to find a replacement for Laura Lang before summer begins, and so some names have been floated:

Please bookmark this post so we don’t have to write a “Rumors of new Time Inc. CEO” post again in about a year.

NEXT PAGE >>