Tribune Company announced today that it has appointed a new president and CEO, effective immediately. The job is being taken by Eddy Hartenstein, who has been co-president of Tribune since October.Hartenstein will oversee all of the company’s operations.Said Tribune Chairman Sam Zell: “The board feels strongly that it is in Tribune’s best interests to have one person providing strategic vision and day-to-day direction for the company and its employees as we prepare to emerge from the Chapter 11 process. Eddy is a gifted executive—he knows our operations, understands how technology is changing the media industry, and can help the company capitalize on those changes to continue achieving meaningful financial results.”Hartenstein has also been publisher and CEO of Los Angeles Times Communications, LLC, since August 2008. He will continue to hold those positions, with assistance from Kathy Thomson, who was appointed to the newly created position of president and chief operating officer of the Times.“Tribune’s unique mix of broadcasting, publishing and digital assets, along with its forward-looking technology group, positions the company well for success,” said Hartenstein. “I’m also being given the honor of overseeing tremendously talented, experienced employees who, along with our assets and the high quality of our news-gathering organizations, give us important competitive advantages in the media industry.”The company also announced that the four-member Executive Council, which has exercised the responsibilities of the Office of the Chief Executive and President since October 2010, has been dissolved.
Showing posts with label Company. Show all posts
Showing posts with label Company. Show all posts
Saturday, May 7, 2011
Tribune Company Names New President and CEO
Tribune Company announced today that it has appointed a new president and CEO, effective immediately. The job is being taken by Eddy Hartenstein, who has been co-president of Tribune since October.Hartenstein will oversee all of the company’s operations.Said Tribune Chairman Sam Zell: “The board feels strongly that it is in Tribune’s best interests to have one person providing strategic vision and day-to-day direction for the company and its employees as we prepare to emerge from the Chapter 11 process. Eddy is a gifted executive—he knows our operations, understands how technology is changing the media industry, and can help the company capitalize on those changes to continue achieving meaningful financial results.”Hartenstein has also been publisher and CEO of Los Angeles Times Communications, LLC, since August 2008. He will continue to hold those positions, with assistance from Kathy Thomson, who was appointed to the newly created position of president and chief operating officer of the Times.“Tribune’s unique mix of broadcasting, publishing and digital assets, along with its forward-looking technology group, positions the company well for success,” said Hartenstein. “I’m also being given the honor of overseeing tremendously talented, experienced employees who, along with our assets and the high quality of our news-gathering organizations, give us important competitive advantages in the media industry.”The company also announced that the four-member Executive Council, which has exercised the responsibilities of the Office of the Chief Executive and President since October 2010, has been dissolved.
Friday, May 6, 2011
Netflix Chief Fears Company Will Get Too Big, Face 'Armageddon' With Cable Nets
Netflix Chief Executive Reed Hastings said he's worried that getting too big will create an "Armageddon" with cable networks, reports CNNMoney.com.Netflix has had a "niche" philosophy of being neither too big nor too small, according to the story, which cites comments Hastings made at a conference in New York City.Asked who is most threatened by Netflix as it expands its streaming video content, Hastings responded, "We've consistently said getting into current season [TV] or newer movies would not be profitable for us. It would be an Armageddon. It would be World War III, and we likely wouldn't survive that battle.”Hastings noted that his company doesn't want to compete on sports or breaking news, the piece says.
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