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Editor in Chief Steps Down
From TV Guide Magazine
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
NEW YORK -- Steven Reddicliffe resigned as editor in chief of TV Guide, the latest move in a series of changes at the magazine.
Mr. Reddicliffe, 49 years old, said he wanted to "try some other things" after more than seven years at the helm of the magazine, which is owned by Gemstar-TV Guide International Inc., Pasadena, Calif. Mr. Reddicliffe said he doesn't have immediate plans.
Mr. Reddicliffe's decision comes two months after Gemstar-TV Guide tapped veteran media executive John P. Loughlin as president of TV Guide Publishing Group and gave him a mandate to revive the magazine, which has struggled recently on the newsstand. Messrs. Loughlin and Reddicliffe said the decision to leave was made by Mr. Reddicliffe.
TV Guide is considering six candidates from inside and outside the magazine to succeed Mr. Reddicliffe, Mr. Loughlin said. Steven Sonsky, the magazine's executive editor, and Jay Gissen, director of editorial development, will oversee the magazine during the search for an editor in chief.
TV Guide is also searching for a full-time publisher and expects to complete that search soon after Thanksgiving, Mr. Loughlin said.
News Corp. owns about 42% of Gemstar and has been pushing to wrest control of the company from its founder and chairman, Henry Yuen, and its chief financial officer, Elsie Leung.
Gemstar, which also makes interactive television-program guides, announced last week that it would restate revenue from mid-1999 through March 2002 because of issues related to the purchase of the intellectual property of online game company Fantasy Sports and because of booked licensing revenue it never received.
Gemstar-TV Guide rose four cents to $3.78 at 4 p.m. in Nasdaq Stock Market trading. |
