Just weeks after Phil Kent announced his retirement as CEO and CFO John Martin was named as his successor, effective Jan. 1, Turner Broadcasting is promoting David Levy to president. Mr. Levy -- a well-known executive who had been president for advertising, distribution and sports at Turner -- had been considered a favorite to take over for Mr. Kent as CEO.
The newly created post means Mr. Levy adds oversight of Turner's domestic entertainment and animation and young adults networks and business portfolios, meaning he is in charge of both creative and business activity at TBS, TNT, Cartoon Network, Turner Classic Movies, truTV, Boomerang and Adult Swim, as well as their digital brand extensions.
Mr. Levy reports to Mr. Kent. Steve Koonin, president of Turner Entertainment Networks, and Stuart Snyder, president and chief operating officer of Turner Animation, young adults and kids media, will now report to Mr. Levy instead of Mr. Kent.
He will continue to oversee the company's domestic revenue areas, ad sales and affiliate sales, as well as sports, with business-unit heads reporting to him, including Donna Speciale, president of entertainment and animation ad sales; Greg D'Alba, president of CNN ad sales and Turner digital ad sales; Coleman Breland, chief operating officer of network sales and Lenny Daniels head of sports ad sales.
The company said the new structure is designed to increase efficiencies, focus and accountability. "John Martin and I discussed the future of Turner and this new structure upon the announcement of John's appointment as the company's next CEO," Mr. Kent said.
Mr. Levy joined Turner in 1986 as an ad sales account executive and rose through the ranks, becoming the company's first president of international ad sales in 1998.