Consolidation of A&E and Lifetime networks results in loss...
By Mondo Times editors
Boulder Colorado USA
Posted on November 9, 2009 at 7:46am
Consolidation of A&E and Lifetime networks results in loss of 100 jobs
-- Variety reported on November 6, 2009:
Layoffs are across the board, with Lifetime departments like legal, human resources, publicity and marketing particularly hard hit.
Out in the shuffle are Lifetime head of reality Jessica Samet and head of casting Rick Jacobs.
A&E Television Networks (AETN) has been mapping out its consolidation plans for weeks. Several execs had already opted to exit, including Pat Langer, Lifetime's exec VP for business affairs, legal and human resources, and Lifetime exec VP-chief financial officer James Wesley.
Meanwhile, Lifetime research chief Mike Greco has been named the head of research for all of AETN, replacing Dave Marans, who has departed.
Disney-ABC and Hearst each own around 42% of the new AETN, while NBC Universal owns about 16%.
The full story:
http://www.variety.com/article/VR1118010974.html?categoryid=14&cs=1&ref=verttv
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