Media News Friday Frenzy

Today started with the massive media news about the departures of CNN/U.S. president Jon Klein and NBC Universal CEO Jeff Zucker and the news keeps coming.  PRNewser colleagues at TVNewser have been following the developments closely. Click here for the latest.

Business Insider has also just received a statement from Newsweek, which was expected to layoff additional staff members today.

A small percentage of Newsweek’s staff was told today that they will not be offered jobs when Sidney Harman assumes control on October 1, 2010.

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