AOL Time Warner will form new TV networks group under Turner Bcst...
AOL Time Warner will form new TV networks group under Turner Bcstg. System umbrella that will encompass the WB broadcast network and all of Turner’s basic cable networks, including TBS Superstation, TNT, CNN, Cartoon Network and Turner Classic Movies.…
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AOL Time Warner said TV network group, which it called world’s largest, would be headed by WB CEO and founder Jamie Kellner, who will become chmn.-CEO of Turner Bcstg. Kellner will replace current Turner Bcstg. Chmn.-CEO Terence McGuirk, who company said will “step back from a direct operating role” and become vice chmn. In other management changes, Turner Pres.-COO Steven Heyer will leave AOL Time Warner to “pursue other interests” and Turner CFO Wayne Pace will take on added role of vice chmn. In internal e-mail to WB staff Tues., Kellner said he would remain involved in management of WB and Kids’ WB! networks but would rely more heavily on WB’s senior management team. He said he would split his time between WB’s Burbank offices and Turner’s Atlanta hq, “with a majority of my time spent in Atlanta.” AOL Time Warner said Kellner “will relocate his family to Atlanta to oversee the expanded Turner operations.