After more than eight years as NBC's president-sales, Keith Turner left the Peacock last week, becoming the third major executive to leave in a month. He follows Randy Falco, who defected to become CEO of Time Warner-owned AOL, and David Zaslav, who left to become Discovery Networks CEO. It's unclear where Mr. Turner will land. One scenario places him in a management role at Univision, expected to be acquired in early 2007; most watchers of that deal expect a senior-management shake-up. At NBC Universal, Mr. Turner was responsible for all of NBCU's broadcast and cable TV properties, including Telemundo. A GE executive with a financial background is likely to replace him.
All in the family at RDA: Ripplewood's Berner calls on big sister
Of all the important tasks that will face Mary Berner when she returns to the magazine business as the next CEO at Reader's Digest Association, at the top of the list will be to say "Thanks, little brother." Ripplewood, which is set to close on a deal to buy RDA early next year, plans to appoint Ms. Berner, a former CEO of Fairchild Publications, CEO. Her brother is Robert Berner III, a managing director. Eric Schrier is the current CEO.
Despite Hank, NYT's family affair not coming to an end
Maurice R. "Hank" Greenberg, the billionaire former head of AIG, has bought a fairly large chunk of The New York Times Co.'s Class A shares, leading to reports last week that he was trying to break the Ochs-Sulzberger family's hold on the company. This fall, another big shareholder, Morgan Stanley Investment Management, started agitating for an end to the Times Co.'s dual-stock system. But a smart rank-and-file editor at the Times echoed a lot of observers when he said, "I make nothing of it." The family owns most of the shares that matter, the controlling Class B shares, so no amount of Class A stock can snap the family's grip. A Times spokeswoman said the "Ochs-Sulzberger family has no intention of changing the dual class structure. It's a moot point."