July 18, 2013 |
Time Warner Inc. is shaking up the leadership at its Turner Broadcasting unit. Phil Kent, chief executive of Turner Broadcasting since 2003, will give up that title at the beginning of next year to John Martin, Time Warner's chief financial officer. Kent will remain Turner's chairman until his contract expires at the end of next year. Turner, the parent of cable channels TNT, TBS, CNN, HLN, Cartoon Network and TruTV, is Time Warner's biggest revenue and profit generator. VIDEO: Summer 2013 TV preview Martin's rise positions him as a potential successor to Time Warner Chief Executive Jeff Bewkes, whose contract with the media giant expires in about five years.
July 8, 2013 |
The Miramax film company's attempts to reestablish itself as a Hollywood powerhouse hit another snag with the resignation of Chairman Richard Nanula, a veteran executive who formerly held prominent posts at Walt Disney Co. and Amgen Inc. Nanula's departure Sunday came after two websites published photographs last month of a man they identified as the executive having sex with an adult-film actress. Nanula, 53, and his attorney did not respond to requests for comment. PHOTOS: Hollywood Backlot moments Miramax, founded by brothers Harvey and Bob Weinstein in 1979, produced a string of Oscar-winning films, including "Chicago" and "Shakespeare in Love.
July 3, 2013 |
Less than a year after stepping down as chairman and co-chief executive of Restoration Hardware Holding Inc., Gary Friedman is back in his old roles at the swanky Northern California-based home furnishings retailer. The Corte Madera company's former poster boy was reappointed after stepping down in October, reportedly after the board determined that he had had an inappropriate relationship with a 26-year-old female employee. Restoration did not respond to requests for comment.
June 22, 2013 |
The hard-fought battle over who would run Warner Bros. ended months ago, but there may be more casualties. Jeff Robinov, head of Warner Bros.' movie unit, is planning to exit the company, according to several people at the studio who asked not to be identified because they were discussing internal personnel matters. Robinov's expected departure comes less than a month after the resignation of Bruce Rosenblum, chief of Warner Bros. Television Group. Both Robinov and Rosenblum lost the fight to succeed Barry Meyer as chairman and chief executive of Hollywood's largest film and television studio.
June 20, 2013 |
The one thing George Zimmer couldn't guarantee was his job at Men's Wearhouse. The apparel retailer's founder and longtime pitchman was abruptly dismissed from his position as executive chairman, the retailer said in a curt statement Wednesday. By starring in the company's television commercials since 1985, Zimmer endeared himself to generations of shoppers. He marketed suits by intoning, in his distinctive gravelly voice: "You're going to like the way you look. I guarantee it. " The company said it expects to discuss with Zimmer "the extent, if any, and terms of his ongoing relationship" with the brand, which has corporate offices in Houston and Fremont, Calif.
June 19, 2013 |
Federal Reserve Chairman Ben S. Bernanke outlines what he expects for U.S. growth in the coming year as the central bank releases its policy statement. He'll also face TV cameras and reporters during a quarterly news conference. Reporters, editors and other analysts will live blog what policymakers say -- and what they don't say. We'll also follow the stock market's gyrations and other reactions. The main question for today: Will Bernanke be able to reassure the world that the central bank has a plan for scaling back its unprecedented efforts to boost the economic recovery.
June 10, 2013 |
WASHINGTON -- Showtime Chairman Matt Blank is tired of the entertainment and technology media fawning over new companies and platforms and saying traditional media are on life support. "Your favorite companies are companies with no revenue and no earnings," Blank cracked during a panel at the opening session of the National Cable and Telecommunications Convention in Washington, D.C. "Your second favorite companies are companies with revenue and no earnings. " Blank was responding to a question from Variety editor Cynthia Littleton about how the pay-television industry was reacting to all the new disruptors to their business such as Netflix and Aereo.
June 6, 2013 |
A former chairman of the Federal Communications Commission said rules limiting common ownership of newspapers and television stations in the same market should be gutted -- even if it clears the way for media mogul Rupert Murdoch to control more news outlets including the Los Angeles Times. Reed Hundt, Democratic chairman of the FCC during much of the Clinton administration and a self-confessed progressive, said in a speech Wednesday at UCLA that the long-standing rule is "perverse" and needs to be thrown out. Noting the growth of new platforms for news and other content since the rule was created in the 1970s and the difficult economics of the newspaper industry, Hundt said "if a TV station wants to help a newspaper survive, the FCC should welcome that initiative.
May 29, 2013 |
IAC Chairman Barry Diller launched into a spirited defense of the controversial Aereo Internet TV service, which will expand to 22 markets in the coming months -- even in the face of lawsuits from major media companies. The service -- which uses tiny antennas to capture broadcast TV signals and deliver them to the home, via the Internet -- is akin to consumers going to Radio Shack or Best Buy to buy an old-fashioned TV antenna, Diller said in remarks at the All Things Digital technology conference in Rancho Palos Verdes.
May 29, 2013 |
Walt Disney Parks and Resorts Chairman Tom Staggs used the high-profile stage of the All Things Digital technology conference to show off the entertainment giant's entry into the world of wearable computing -- the Disney MagicBand. The wristband, debuting in the coming months at Walt Disney World in Orlando, Fla., will take the place of theme park tickets, hotel room keys and even credit cards for theme park visitors. The wearer can use the Disney MagicBand to enter the park through the turnstiles, nab a Fastpass for Thunder Mountain, buy a set of Mouse ears at a concession stand or enter their hotel room at night.