Turner Broadcasting Chief Executive John Martin sent a memo to staff Monday that refers to a new “Turner 2020” plan and suggests staff changes are likely, reports TheWrap.com.
“To commit to staying top of market, we need to prioritize programming, monetization and innovation investment while reducing spending in less-impactful areas,” Martin wrote. Later in the memo, he added: “This may mean staff changes. In fact, I'll be surprised if it doesn’t.”
The memo comes after Jeff Bewkes, who leads Turner parent company Time Warner, expressed frustration with TNT’s programming during the company’s April 30 earnings conference call, the piece notes. “We didn't take enough creative risk with its programming, and as a result, TNT has lost some ground with younger viewers,” Bewkes said.