John Martin

Turner CEO to depart amid AT&T merger

Turner CEO John Martin is to depart the company as AT&T completes its $85bn acquisition of Time Warner. The news was revealed by AT&T Entertainment boss John Stankey in a company memo to staff. He said: “You’ll note that we have changed how Turner is organised given that John Martin will no longer be with […]

Bewkes: AT&T will ‘accelerate’ HBO Now growth

The international distribution of the HBO Now SVOD service will be “accelerated” by the sale of Time Warner to telecoms giant AT&T, according to Jeff Bewkes. Speaking on an investor call yesterday, Time Warner CEO Bewkes (pictured) said plans to spread HBO Now – originally a US service – into new territories were progressing, and […]

Turner launches first SVOD service

Turner Broadcasting System is going direct-to-consumer for the first time. The US media giant has created FilmStruck, an SVOD platform that Turner Classic Movies will oversee in collaboration with the film specialist Criterion Collection. Turner’s sister company in the Time Warner stable, premium cable channel HBO, did launch a direct-to-consumer service, HBO Now, in 2015, […]

Time Warner restructuring costs to hit $400m

Time Warner has spent US$346 million on restructuring and redundancy costs to date this year. The US media giant’s latest financial results show third quarter restructuring and severance costs were US$303 million as a strategy to significantly reduce headcount kicked in. Staff are being cut at channels business Turner Broadcasting System, studio subsidiary Warner Bros. […]

Turner slashes workforce, some international cuts

Turner Broadcasting System is slashing 1,475 jobs as part of a major cost-cutting initiative. Most of the cuts will be in the US, but there will be some job losses coming at its international division. The overall figure represents about 10% of the Time Warner-owned broadcaster’s global workforce, and jobs will be lost at various […]

Cartoon Network president Snyder exiting

Cartoon Network president Stu Snyder is exiting the Turner Broadcasting System-owned kids channel after six years in his current role. Snyder, who is president and COO of Turner’s animation division, will step down at the end of the month, according to the LA Times, which broke the news. His departure comes after Time Warner CFO […]

TBI’s 2013 in review – part three

In the third part of a review of 2013, we look at the ever changing face of the industry – is that former rival now your partner in crime in your acquisitions department? TBI runs down all the major comings and goings from the past twelve months.   SURPRISE DEPARTURES AND TOP LEVEL CHANGES David […]

Kent to step down as Turner CEO, Martin takes role

Phil Kent will end his 12-year tenure as CEO of Turner Broadcasting in January when Time Warner CFO John Martin replaces him. Kent (left) announced the news to staff in an internal memo this morning, revealing he would not seek another contract beyond his current one. As of January 1, 2014, Martin (below) will step […]