Movers and shakers: management changes during 1Q05

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Includes: BBI, DIS, DWA, FOX, LGF.A, MVGRQ, NFLX, NNDS, NWS, PIXR, SALM, SIRI, T, TIVO, TWX, VIA, YUM
by: David Strahlberg

Below is a recap of some recent high-profile management changes at media and entertainment companies during the first quarter of 2005.

The Walt Disney Company (ticker: DIS)

  • 3/13/05 - President Robert Iger elected new CEO effective upon Michael Eisner's resignation on 9/30/05. Eisner submitted his resignation on 9/10/05.

Viacom (ticker: VIAB)

  • 1/6/05 - Brad Grey named President and CEO of Paramount Pictures; previously he was the Chairman of Brillstein-Grey Entertainment
  • 3/16/05 - Announces the possibility of splitting its business: would putCo-CEO Tom Freston in charge of its higher growth businesses, including MTV Networks and would put Co-CEO Les Moonves in charge of broadcast TV and outdoor advertising businesses; Sumner Redstone would remain Chairman of both entities.
  • 3/22/05 - Gail Berman joins VIAB's Paramount Pictures after resigning as President of Fox Entertainment

News Corp. (ticker: NWS)

  • 3/22/05 - Gail Berman resigns from her position as President of Fox Entertainment to take a high level position at Viacom's Paramount Pictures
  • 3/24/05 - Peter Liguori named as Berman's replacement. Previously, he served as President and CEO of FX Networks.

Martha Stewart Living Omnimedia (ticker: MSO)

  • 3/1/05 - Suzanne Sobel resigns from her role as Publisher of Martha Stewart Living
  • 3/4/05 - Martha Stewart released from prison

Lion's Gate Entertainment (ticker: LGF)

  • 1/26/05 - Glen Ross resigns from position as President of Lion's Gate Home Entertainment
  • 1/26/05 - Anne Parducci promoted to Executive Vice President, Family Entertainment & Marketing
  • 1/26/05 - Michael Rathauser named VP, Family Entertainment
  • 1/26/05 - Executive VP, Ken Katsumoto, has duties expanded

NDS (ticker: NNDS)

  • 1/4/05 - Alexander Gersh hired as CFO.  Previously, he served as CFO of Flag Telecom.

Blockbuster (ticker: BBI)

  • 3/8/05 - Peter A. Bassi appointed to Board of Directors. Previously, he was Chairman of Yum! Restaurants International (ticker: YRI)
  • 2/28/05 - Former Executive Vice President, Dean Wilson, returns to a business development role

DirecTV (ticker: DTV)

  • 3/17/05 - David Hill named President of newly formed entertainment unit.  Previously, Hill served as CEO of Fox Sports
  • 3/17/05 - Chief Financial Officer Mike Palkovic has role expanded to include oversight over the entire DTV organization
  • 3/10/05 - DirecTV CEO Mitch Stern resigns

Dreamworks (ticker: DWA)

  • Rick Sands named President and COO.  Sands formerly served as Chairman of worldwide distribution at Miramax, a Disney subsidiary.

Salem Communications (ticker: SALM)

  • Joe Davis named Executive VP and COO; he was already an EVP with the company

Tivo (ticker: TIVO)

  • 1/13/05 - Founder, Chairman and CEO, Mike Ramsey, announces that he will step down as CEO soon as a replacement is found; Ramsey will remain Chairman of the company
  • 2/1/05 - President Marty Yudkowitz resigns

Hollywood Entertainment (ticker: HLYW)

  • 2/3/05 - Founder, Chairman and CEO, Mark Wattles, resigns

XM Satellite Radio (ticker: XMSR)

  • 3/14/05 - Jon Zellner named Senior VP of Music Programming; previously he was an executive with Infinity Broadcasting