Morning Media Newsfeed: Turner to Cut 10% of Staff | Politico Names Executive Editor

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Turner to Cut 10 Percent of Workforce (TVNewser)
As part of Turner 2020, the cost-cutting and reorganization plan announced earlier this year, the parent company of CNN, HLN, TBS and others has announced it plans to cut 1,475 jobs. CNNMoney Turner Broadcasting, a unit of Time Warner Inc., will cut its total workforce by about 10 percent in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday. Capital New York The headcount reduction will include buyouts of staff over the age of 55, layoffs and unfilled open roles. Staff that will be laid off will be informed within the next two weeks. That number also takes into consideration the addition of 150 new jobs in “growth areas” at the company. THR The cuts will come at all levels from across the news, entertainment, kids, young adult and sports networks and businesses as well as corporate functions, in 18 Turner locations around the world. About 300 positions will be eliminated within CNN Worldwide, or about 8.5 percent of the roughly 3,500-strong workforce. WSJ This summer, Time Warner rebuffed a takeover bid from 21st Century Fox Inc. Time Warner CEO Jeff Bewkes is under pressure to show Wall Street the company can deliver growth — and a higher stock price — on its own.

Peter Canellos Named Politico Executive Editor (Politico / Dylan Byers on Media)
Peter Canellos has been named executive editor of Politico, editor Susan Glasser announced in a memo to staff Monday morning. FishbowlNY Canellos, a 26-year veteran of The Boston Globe, announced he was leaving the Globe last month. Canellos was named the Globe’s editorial page editor in 2009. Prior to that he served as the paper’s Washington bureau chief. FishbowlDC Glasser was promoted from editor of Politico Magazine to Politico’s editor in September following the resignation of executive editor Rick Berke earlier that month. NYT Berke’s resignation came as Politico announced plans to expand in Europe, in partnership with the German publisher Axel Springer, and suggested it might expand across America.

Bloomberg Politics Is Live (FishbowlNY)
Bloomberg Politics is here. The long-anticipated site, which launched Sunday, features a clean and interesting layout. Right off the bat you see “The Brief,” which is a list of important stories for the day, and the “Curiosity Index,” which is a variety of phrases — like “Big Guns” and “Mildly pro-Obama” — designed to lure readers into clicking. FishbowlDC Monday at 5 p.m. ET marked the premiere of the much anticipated launch of Bloomberg Politics’ With All Due Respect, to be hosted by Game Change and Double Down authors John Heilemann and Mark Halperin. Monday evening’s program featured a live interview with 2012 presidential candidate Mitt Romney. Politico / Dylan Byers on Media The new vertical, helmed by Halperin and Heilemann, is distinct from Bloomberg’s Washington coverage and is mostly based in New York. Halperin and Heilemann have picked up big names in media over the past few months to join them, including Sasha Issenberg, Dave Weigel, Mike Nizza, Tom Johnson, Pat King and Robert Gifford.

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Gwyneth-Martha Feud Heats Up With Gersh Hiring (New York Post)
The rivalry between domestic diva Martha Stewart and Gwyneth Paltrow amped up Monday when the Oscar-winning actress hired Lisa Gersh to be the CEO of Goop, her fledgling lifestyle and e-commerce company. FishbowlNY Gersh left Martha Stewart Living Omnimedia in 2013 after two years. At the Goop end, she replaces Sebastian Bishop. Adweek Reports noted that the abrupt departure of British entrepreneur Bishop was tied to disagreements over Goop’s future direction, with Paltrow wanting to use it for personal announcements and Bishop wanting to keep the two separate. Goop representatives at the time denied that was the cause. But, dissenters are speaking up about the celebrity-forward strategy, including Martha Stewart who told Net-A-Porter’s Porter magazine that Paltrow should stick to acting — in not-so-nice terms. NYT Gersh also was a co-founder of Oxygen Media. During Gersh’s tenure as chief executive of Martha Stewart Living she laid off about 70 employees — 12 percent — of the nearly 600 at the company. She also cut two of the company’s four magazines.