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	<title>Observer &#187; David Westin to Leave ABC News in the Wake of Buyouts, Financial Pressure</title>
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		<title>Observer &#187; David Westin to Leave ABC News in the Wake of Buyouts, Financial Pressure</title>
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		<title>David Westin to Leave ABC News in the Wake of Buyouts, Financial Pressure</title>

		<comments>http://observer.com/2010/09/david-westin-to-leave-abc-news-in-the-wake-of-buyouts-financial-pressure/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 13:09:30 -0400</pubDate>
					<link>http://observer.com/2010/09/david-westin-to-leave-abc-news-in-the-wake-of-buyouts-financial-pressure/</link>
			<dc:creator>Zeke Turner</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/0907westinn.jpg?w=224&h=300" />After more than 13 years leading the division, ABC News president  David Westin announced his resignation in a memo to his staff Monday  night.</p>
<p>Mr. Westin wrote that he was leaving to pursue other  professional opportunities. "I've always admired those few who know when  it's time to move on. This is the right time for me," he wrote.</p>
<p><em>The New York Times</em>' <a href="http://www.nytimes.com/2010/09/07/business/media/07abc.html?_r=1">Bill Carter </a>reported  Monday that there were also financial pressures behind the move. In  February ABC News shed nearly 400 jobs and, according to Mr. Carter,  there is still pressure on Mr. Westin to increase the division's profit  margins.</p>
<p>"I won't pretend that all of this will be easy," Mr.  Westin wrote to his staff when announcing changes to the division,  including buyouts, in the spring. "But I do truly believe  that it will  be good for ABC News. I believe in this institution. I  believe in its  mission and in its future."</p>
<p>Following the announcement, Mr. Westin told <em>The Observer</em> that <a href="/2010/media/abc-news-president-david-westin-anchor-salaries-and-possible-cuts-executive-level">the cuts</a> were affecting every level of the company.</p>
<p>"I'm  never going to talk about any individuals' salaries, because it   wouldn't be fair," Mr. Westin said. "But I can tell you without   reservation, we've been addressing that for a few years now, quietly   behind the scenes. The economic reality has effected everyone's   compensation."</p>
<p>In the last year Mr. Westin oversaw the transition of <a href="/2010/media/curious-georges-abc-adventure?page=1">George Stephanopoulos</a> to <em>Good Morning America</em>, <a href="/2010/media/christiane-amanpour-gears-her-first-week">Christiane Amanpour</a> to <em>This Week</em> and <a href="/2009/media/diane-sawyer-become-next-anchor-abcs-world-news-tonight">Diane Sawyer</a> to <em>World News Tonight</em>.</p>
<p>Mr. Westin told <em>The Observer</em> that he had <a href="/2010/media/curious-georges-abc-adventure?page=1">full confidence in Mr. Stephanopoulos</a> and his <em>GMA</em> team going into the spring.</p>
<p>&ldquo;I&rsquo;m  hopeful that if you talk to me in six months or a year that the   audience will have responded,&rdquo; said Mr. Westin. &ldquo;This is way early   going. But the way I look at it, we are in better shape than I would   have predicted at this point.&rdquo;</p>
<p>Network president Anne Sweeney has  arranged for Mr. Westin to stay on through the end of the year to  ensure a smooth transition. Mr. Westin is expected to address the staff  today.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/0907westinn.jpg?w=224&h=300" />After more than 13 years leading the division, ABC News president  David Westin announced his resignation in a memo to his staff Monday  night.</p>
<p>Mr. Westin wrote that he was leaving to pursue other  professional opportunities. "I've always admired those few who know when  it's time to move on. This is the right time for me," he wrote.</p>
<p><em>The New York Times</em>' <a href="http://www.nytimes.com/2010/09/07/business/media/07abc.html?_r=1">Bill Carter </a>reported  Monday that there were also financial pressures behind the move. In  February ABC News shed nearly 400 jobs and, according to Mr. Carter,  there is still pressure on Mr. Westin to increase the division's profit  margins.</p>
<p>"I won't pretend that all of this will be easy," Mr.  Westin wrote to his staff when announcing changes to the division,  including buyouts, in the spring. "But I do truly believe  that it will  be good for ABC News. I believe in this institution. I  believe in its  mission and in its future."</p>
<p>Following the announcement, Mr. Westin told <em>The Observer</em> that <a href="/2010/media/abc-news-president-david-westin-anchor-salaries-and-possible-cuts-executive-level">the cuts</a> were affecting every level of the company.</p>
<p>"I'm  never going to talk about any individuals' salaries, because it   wouldn't be fair," Mr. Westin said. "But I can tell you without   reservation, we've been addressing that for a few years now, quietly   behind the scenes. The economic reality has effected everyone's   compensation."</p>
<p>In the last year Mr. Westin oversaw the transition of <a href="/2010/media/curious-georges-abc-adventure?page=1">George Stephanopoulos</a> to <em>Good Morning America</em>, <a href="/2010/media/christiane-amanpour-gears-her-first-week">Christiane Amanpour</a> to <em>This Week</em> and <a href="/2009/media/diane-sawyer-become-next-anchor-abcs-world-news-tonight">Diane Sawyer</a> to <em>World News Tonight</em>.</p>
<p>Mr. Westin told <em>The Observer</em> that he had <a href="/2010/media/curious-georges-abc-adventure?page=1">full confidence in Mr. Stephanopoulos</a> and his <em>GMA</em> team going into the spring.</p>
<p>&ldquo;I&rsquo;m  hopeful that if you talk to me in six months or a year that the   audience will have responded,&rdquo; said Mr. Westin. &ldquo;This is way early   going. But the way I look at it, we are in better shape than I would   have predicted at this point.&rdquo;</p>
<p>Network president Anne Sweeney has  arranged for Mr. Westin to stay on through the end of the year to  ensure a smooth transition. Mr. Westin is expected to address the staff  today.</p>
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