Morning Media Newsfeed: Major Changes Hit Condé Nast | MTP May Oust Gregory

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Major Executive Changes at Condé Nast (FishbowlNY)
Big changes have just hit Condé Nast. Editorial director Tom Wallace and COO and CFO John Bellando are both leaving the company, while David Geithner — a former veteran of Time Inc. — is joining as CFO. Capital New York Wallace, who had previously served as editor-in-chief of Condé Nast Traveler, had been editorial director since 2005, helping to craft a consistent brand across the company’s many glossies and its many special editions. WWD / Memo Pad Several other major management changes were revealed, including the expansion of responsibilities of Robert A. Sauerberg Jr., president of Condé Nast. According to a memo, Sauerberg “will assume a leading role in all revenue generation activities, including taking direct responsibility for the Condé Nast Media Group, as well as brand revenue growth.” This will expand his areas of responsibility beyond the management of digital, technology, consumer marketing, business development, corporate administration and Condé Nast Entertainment. THR Bellando joined the company’s executive ranks in 1999. Geithner had spent more than two decades at Time Inc. prior to the appointment at Condé Nast. Most recently, Geithner served as the EVP and president of Time Inc.’s Entertainment Group, and exited the company earlier this year as part of the reorganization prior to the spinoff of the publisher from Time Warner. Time Inc. chairman and CEO Joe Ripp announced Geithner’s departure in a memo on Feb. 4, singling out his contributions to People, Entertainment Weekly and InStyle. WSJ The changes come as Condé Nast, a unit of Advance Publications Inc., is pushing to capture more digital related advertising dollars. Earlier this month, Condé Nast launched a new online video hub called The Scene, intended to serve as a home for all its video channels, including original programming such as The Single Life and Strictly Ballet.

David Gregory’s Time on Meet The Press Is Almost Up (New York Post / Page Six)
David Gregory’s time is nearly up at Meet The Press, sources told Page Six, and he could be replaced as moderator of the nation’s longest-running TV show soon after the November midterm elections. FishbowlDC A source from NBC reportedly said, “The discussion is whether to make a change before or after the midterm elections. Just after the midterms would give the new moderator time to settle in.” Mediaite An NBC spokesperson quoted in the story called the ousting of Gregory “false rumors.” Over the past year, Gregory has been subject to plenty of negative press for his MTP performance and for insider stories about his work reputation. HuffPost The gossip column pointed to Chuck Todd as the mostly likely person to replace Gregory. The show has been stuck in third place in the ratings for so long that it’s hardly newsworthy anymore. Gregory has had to personally deny reports that NBC hired a psychological consultant to analyze him.

Jon Stewart Launches Kickstarter to Buy CNN (TVNewser)
The Daily Show has launched a campaign to crowd-fund the acquisition of CNN, dubbed “Let’s Buy CNN.” LostRemote On his show Tuesday, Stewart turned his attention to the news that Rupert Murdoch is reportedly looking to purchase Time Warner for $80 billion. Murdoch owns Fox, which means that should he acquire Time Warner, CNN would be divested. “It wouldn’t come cheap, though, with analysts saying the network would be worth about $10 billion on the open market,” Stewart said. “It’s a lot of money for anyone, but not a lot of money for everyone. Which is why tonight we’re starting our Kickstarter campaign to buy CNN.” Deadline Hollywood According to the campaign, a mere $10 contribution gets your photo in an on-screen “21 box” of talking heads. For $15,000 it’ll be just you and Carol Costello in a “2 box”, with 5 minutes of freestyling. And for $5 million, CNN will initiate a 24-hour, two-week hunt for your lost car keys. THR / The Live Feed The site mimics a Kickstarter page, though without allowing users to actually contribute money toward the goal. The actual does not feature Stewart’s CNN campaign.