
Time Warner took a break from firing Time Inc-ers to fully acquire the Daniel Baldwin breaking celeb scandal channel, Court TV. The station is set to be folded into Turner Broadcasting System Inc. which also owns TNT, TBS, and CNN.
Those ever reliable "industry insiders" confirmed that the network will acquire Court TV "quite shortly," but in this somewhat mundane turn of events, an extraordinary fact emerges.
Typically, executives of the acquiring company end up staying, and executives of the acquired company get pink slips (or golden parachutes). But Court TV’s ratings performance will bode well for its executives in this transition.
They aren't firing the former executives? They're sending people on offsites? What is the world coming to?
Turner May Absorb Court TV [Steve Donohue, Mulitchannel News]
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