Joseph Ripp will become the new CEO of Time Inc., the company announced on Monday. Mr. Ripp will start in September, shortly before the print division is spun off from Time Warner. Time Warner said in March that it would spin off Time Inc., the division devoted to magazines including Time, Sports Illustrated, and People.
The Time Inc. CEO at the time, Laura Lang, said that she would step down after the split. Time Warner began looking for a new CEO, a search that has dragged on for nearly five months.
Digitas digital ad firm CEO Laura Lang has been picked to run Time Inc., Time Warner’s magazine business, reports Time Warner had been looking for a magazine chief since February,when Jack Griffin was fired after just five months on the job. Chairman Jeff Bewkes said that his management style “didn’t mesh” with Time Inc. and Read More
Gawker’s retraction of their flubbed Arnold Schwarzenegger love child story wasn’t good enough for the former flight attendant Tammy Tousignant, whom it wrongly identified as the most recent employee/mistress/love child-bearer of Arnold Schwarzenegger. She’s filed a $40 million libel lawsuit against Gawker, National Enquirer, Daily Mail, and others, according to the OC Weekly.
“News crews and paparazzi converged on the Tousignants’ quiet Brea neighborhood,” says the lawsuit. “They were inundated with phone calls and messages. They were forced to flee their house and stay at another location. Tanner was followed. Their online accounts were hacked into. They were and continue to be the subject of scorn and scrutiny in their own community. Their reputations have been permanently damaged.”
The Hangover Part II, True Blood and Mortal Kombat 9, saved Time Warner, Jeff Bewkes told the The New York Times. On Wednesday the company, which owns Warner Brothers, Turner Broadcasting and Time Inc., reported a 10% increase in revenue this quarter, the highest growth since January.
Over the last year Netflix has emerged as the dominant force in the world of streaming video, accounting for 20% of all the internet data consumed in the U.S. during primetime.
But Time Warner CEO Jeff Bewkes isn’t worried about Netflix’s growing presence in the media landscape.
“It’s a little bit like, is Read More
The Times of London reported today that Richard Parsons, the CEO of Time Warner Inc., could step down as early as next week, to be replaced by Time Warner president Jeff Bewkes.
Mr Bewkes has long been since as Mr. Parsons’ heir apparent, and is considered more likely to shake up the company Read More