Larry Jones is out as TV Land president, reports Lesley Goldberg in the Hollywood Reporter’s Live Feed blog.
The story continues, “The news, which is said to be a surprise to many internally, comes as his Viacom-owned network is prepping a creative reinvention, pegged to the March 31 premiere of Darren Star’s ‘Younger.’ With ‘Hot in Cleveland’ airing its final season, TV Land has plans to shift to more younger-skewing single-camera fare, including its upcoming Jim Gaffigan comedy, ‘Teachers and Impastor.’”
Jones’ memo to his staff began:
To My TV Land Family,
It’s truly not an overstatement to say that I have loved every second of being at TV Land for the past 18 years as part of my 27 years with Viacom. With that said, due to the restructuring, I will be stepping down from my role with the company.
To read the entire memo, please click on the link, above, which will take you to the complete Live Feed story.
Goldberg also reports that “Viacom is poised to unveil a major corporate restructuring later this week.”
As previously reported, B&C said yesterday that Van Toffler, who has been with Viacom for 28 years, and who has served as president of the MTV Networks Music & Logo Group since March, 2008, is also leaving the company.
That B&C story added, “Toffler’s departure comes on the heels of a January earnings report from Viacom that failed to meet Wall Street expectations. Domestic ad revenue in the first quarter was down 6% and net earnings down 9% from a year ago.”
And thus, in the blink of an eye, two top Viacom executives, with a combined 55 years of company knowledge, history and experience, will be leaving.