Bloomberg News

Turner Networks Said to Consider Departing Fox Official

June 05, 2014

Kevin Reilly

Kevin Reilly 51, will leave as entertainment chairman at the 21st Century Fox Inc. unit in June. Photographer: Brian To/FilmMagic

Kevin Reilly, the departing head of entertainment at Fox Broadcasting, is among the executives Time Warner Inc. (TWX:US) is considering to be president of Turner Entertainment Networks, a person familiar with the matter said.

Reilly, 51, said last week he would leave the Twenty First Century Fox Inc. (FOXA:US) unit by the end of June, following a drop in ratings. New York-based Time Warner is aiming to fill the post by year end, said the person, who sought anonymity because the deliberations are private.

Bringing in Reilly would add a veteran programming executive at Turner, operator of the TBS and TNT cable networks, along with TruTV, TCM and the Cartoon Network. TBS and Turner carry original shows including “Conan,” “Rizzoli & Isles” and “Falling Skies,” and are among the most-watched pay-TV channels, according to Nielsen data.

Reilly declined to comment, as did Jeff Matteson, a spokesman for Turner.

John Martin, the new chief executive officer of Turner Broadcasting, told employees to expect staff changes as the division works to come back from a ratings slump at some networks, according to a memo obtained by Bloomberg News.

Reilly is among 20 or so potential candidates to replace Steve Koonin, the person said. Koonin left Turner in April to become chief executive officer of the Atlanta Hawks.

Variety reported in April that Michael Wright, president and head of programming for TBS, TNT and Turner Classic Movies, is among the candidates.

Time Warner fell 0.3 percent to $70.51 yesterday in New York. The stock has gained 1.1 percent this year.

To contact the reporters on this story: Jon Erlichman in New York at jerlichman1@bloomberg.net; Edmund Lee in New York at elee310@bloomberg.net

To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net Anne Reifenberg, Rob Golum


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Companies Mentioned

  • TWX
    (Time Warner Inc)
    • $75.27 USD
    • -0.40
    • -0.53%
  • FOXA
    (Twenty-First Century Fox Inc)
    • $34.22 USD
    • -0.30
    • -0.88%
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