NEW START FOR NEW CEO OF TWO MAJOR GLOBAL MEDIA COMPANIES IN NEW YEAR
January 1st 2008 05:26
New Years Day marked the start of a new era at two of the world’s biggest media companies.
On January 1, 2008 both Time Warner and Germany’s Bertelsmann AG came under new leadership.
At the German giant media company, Bertelsmann AG, new ceo Hartmut ‘Hart’ Ostrowski signed on. He was hand picked by the Mohn family, which fundametllay controls the company, which in turn controls companies like Columbia House, Random House, and 50 percent of music giant Sony-BMG.
The irreverent Media Wire Daily predicts that Hart will head “a serious push into digital, more consolidation and perhaps an exit from the music business not too far down the road.”
Jeff Bewkes, who signed on as Time Warner’s new ceo, was a popular appointment and the hope is that he will reinvigorate the cumbersome and a tad tired Time Warner machine.
His critical first 100 days on the job will be closely scrutinised by Wall Street.
- From MediaBlab
On January 1, 2008 both Time Warner and Germany’s Bertelsmann AG came under new leadership.
At the German giant media company, Bertelsmann AG, new ceo Hartmut ‘Hart’ Ostrowski signed on. He was hand picked by the Mohn family, which fundametllay controls the company, which in turn controls companies like Columbia House, Random House, and 50 percent of music giant Sony-BMG.
The irreverent Media Wire Daily predicts that Hart will head “a serious push into digital, more consolidation and perhaps an exit from the music business not too far down the road.”
His critical first 100 days on the job will be closely scrutinised by Wall Street.
- From MediaBlab
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