January 12, 2009

Top Sling Media execs depart

According to San Jose Buziness Journal: “The CEO and other top executives at Sling Media Inc. are leaving EchoStar Communications Corp. (NASDAQ: SATS), which bought the startup a year ago for $380 million,”

“All Things Digital reported that Blake Krikorian, the chief executive, and his brother Jason Krikorian, the senior vice president of business development, are out; two others — Jason Hirschhorn, who runs Sling Media Entertainment unit and Ben White, chief creative officer — will reportedly leave shortly.”

January 8, 2009

Meredith to cut 250 jobs, close magazine

Filed under: media,Publisher,US — DF @ 11:57 am
Tags: ,

According to AP, Forbes: “Meredith Corporation (NYSE:MDP) said Thursday it will eliminate 250 jobs and close its Country Home magazine in March as it suffers from sharp declines in publishing and broadcasting advertising amid the recession.”

January 2, 2009

Ad Industry predicts even bigger layoffs in 2009

The talk in industry circles is that the major agency holding companies – Interpublic, Omnicom and WPP – are planning deeper cuts to ring in the New Year, according to NYPost.

“WPP agencies are bracing for cuts across the board in January after CEO Martin Sorrell acquired UK research firm Taylor Nelson Sofres, sources said.”

“Interpublic is bracing for things to get even worse for the auto business. Interpublic is mulling layoffs in the event GM slashes its ad spending even further or reduces its stable of car brands. Interpublic agencies employ an estimated 900 people in Detroit with ties to the auto business.”

“Several ad execs estimated that the big agency holding companies have cut at least 1,000 jobs in 2008. Agencies usually try to keep layoffs under wraps to avoid appearing weak to clients, making it tough to get a total tally.”

December 19, 2008

NBC Universal to cut 500 jobs, Paramount to cut 850 jobs

According to rumors from different sources in LA: “Another hour, another source telling me about layoffs and cutbacks. In the meantime, NBC has issued new draconian network and studio budget parameters, a second wave of cost-cutting following up on Jeff Zucker’s promise a month ago to tighten belts across the board. Staff inside the company are outraged at these new measures, after already being told two weeks ago to cut their travel and entertainment spending as much as possible.”

By rumors, Warner Bros, Walt Disney, Sony pictures will announce their layoffs by the end of 2008 or at the beginning of 2009.

More news and rumors about US media industry layoffs could be found here.

December 11, 2008

Layoff at Last.FM: up to 20% (London, UK)

According to CBS Interactive and Techcrunch: “CBS says the number of layoffs is less than 20, which would put it at about 20 percent.”

“One source puts the number of layoffs at as many as 40 people, mostly from LAst.FM’s London HQ, which has a total staff of 95”

November 20, 2008

Akamai to cut 7 percent of workforce

According to CNet: “Akamai Technologies announced Wednesday that it’s cutting 7 percent of its workforce (about 110 positions), as the Web content delivery company pares back its costs.”

Associated Press to cut 10% jobs in 2009

According to Reuters: “The Associated Press plans to cut up to 10 percent of its workforce in 2009, according to sources at the news service, as it copes with tough financial times and ailing member newspapers.

The AP has one of the world’s largest news-gathering teams, employing about 3,000 journalists, and a total of about 4,100 people worldwide. The cuts could amount to about 400 employees.”

« Previous Page

Blog at