Magazine article Variety

Ins and Outs: The Tales They Tell

Magazine article Variety

Ins and Outs: The Tales They Tell

Article excerpt

Management upheaval in Hollywood is a common occurrence, to be sure. But the shake-ups of the past few weeks have been particularly unnerving. The abrupt exit of Sony Pictures Television chairman Steve Mosko, reported June 1, was followed by news a day later that Sony's movie president Doug Belgrad was also leaving. Those moves were preceded by the departure of Universal Television president Bela Bajaría, and a week earlier by another stunning development: Michael Lombardo was out at HBO after 33 years.

That all followed word that Sumner Redstone had summarily dismissed his allies, Viacom CEO Philippe Dauman and George Abrams, from the board of National Amusements and the trust that decides what happens to Redstone's holdings after he dies.

It's only natural that these execs made headlines, because of all the palace intrigue attending their moves: Were they pushed out? Why? Who is fighting with whom? What about their successors?

But there was yet another unsettling occurrence amid the turbulence: Up to 400 employees of 2lst Century Fox took buyouts as part of the conglomerate's effort to slash $250 million in costs. Something about the amount of attention paid to the exodus of the high-profile executives vs. …

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