Nina Tassler, who helmed CBS Entertainment since 2004, will step down by yearend and serve as consultant through 2017.
Glenn Geller, 43, programming chief at CBS Entertainment and TV studios group, has moved into the president post and creative affairs chief.
Les Moonves, CEO of CBS Corp., who has known Tassler for 25 years, said, "Nina is a creative executive with the instincts of an artist."
CBS is "grateful and proud" of her success at company "and will be the biggest fans of all her future endeavors," added Moonves.
Tassler, 58, has enjoyed programming hits such as "Madam Secretary," "The Good Wife," "Criminal Minds," "Blue Bloods," "Elementary," "The Big Bang Theory," and "Late Show with Stephen Colbert."
Under her guidance, CBS ranked as the top network for 12 of the past 13 years.
Moonves considers Geller the "obvious successor" to Tassler. "Glenn brings outstanding skills to all parts of the creative and production process< and he has led large programming teams both at the network and studio that oversee our biggest franchises and hit programs," said Moonves.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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