A much expected move has happened: Richard Parsons, the former CEO of Time Warner (NYSE: TWX), is now stepping down as the Chairman of the company board, and current CEO Jeff Bewkes will take over, starting Jan 1 next year. Bewkes took over from Parsons as CEO in January this year. The biggest media company in the world has seen many changes since then: it is spinning off Time Warner Cable (NYSE: TWC), has merged New Line Cinema and closed Picturehouse and Warner Independent Pictures, and its unit Time Inc recently announced laying off 600 of its employees.
This chairman change was all but decided when BEwkes took over, as he had a clause in his contract allowing him to resign if he wasn't named chairman within a year, as WSJ points out. Full story...
SpinVox’s CEO Christina Domecq had to pay back £125,000 to the company after an investigation in to her use of corporate finances, according to a detailed 70-page filing made by new owner Nuance to the SEC.
Ryan O’Hara, who stepped down as TV Guide Network president Feb. 5, has been named president and CEO of Topps, the trading card and media company owned by former Disney (NYSE: DIS) CEO Michael Eisner and Madison Dearborn Partners.
» What the ad revenue generated from SI swimsuit edition means fiscally for the rest of the year.
Google (NSDQ: GOOG) is trying once again to make a social play with the introduction of a new service that makes it easy for users of its products to post and share updates online.
With Facebook’s Beacon ad targeting debacle a distant memory for most, Tim Kendall, Facebook’s director of monetization, tried a soft sell on publishers and marketers at Borrell Associates’ Local Online Advertising Conference.
Yahoo (NSDQ: YHOO) is closing yet another of its properties down. The company is shutting down Yahoo Tech, the consumer-focused tech site it launched four years ago.
In case you didn’t get it the first few times, yes, IAC (NSDQ: IACI) Chairman and CEO Barry Diller still believes the search market will consolidate—and no, he isn’t trying to make it happen.
Taking the podium during day two of Borrell Associates’ Local Online Advertising Conference, McClatchy (NYSE: MNI) chairman and CEO Gary Pruitt described his mixed feelings of ease and discomfort standing there.
MySpace has begun rolling out 30-second audio ads, as the News Corp (NYSE: NWS). site continues its shift from a general social network to an entertainment showcase.
Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr. couldn’t have made it more clear - the music industry wants to ween itself off its Apple (NSDQ: AAPL) dependency, and it will get do just that when iTunes comes under massive competition pressure from new unlimited and mobile services…
“Digital growth has slowed following iTunes’ introduction of a variable pricing model in April 2009,” he told analysts on WMG’s Q1 earnings call.