Sky News Boss John Ryley Steps Down
16.11.2022 - 22:53 / deadline.com
EXCLUSIVE: The changeover at the top of CBS’ entertainment operations continues. I hear Thom Sherman is stepping down as Senior Executive Vice President, Programming, CBS Entertainment and is getting an expansive production deal with the company. The move follows the news broken by Deadline earlier this morning that CBS veteran Kelly Kahl will be leaving his post as President of Entertainment at the end of the year. I hear the network’s head of current Amy Reisenbach will be named new President of Entertainment.
“Team – I want you to be aware of a significant transition that’s happening today,” Cheeks said in his company memo announcing Kahl’s pending exit this morning.
Kahl and Sherman’s departures and Reisenbach’s promotion are part of the same “restructuring and streamlining of leadership” in the network’s entertainment division, I hear. Details are still murky but word is that the top CBS Entertainment job, which in the past had been held by one person, including Nina Tassler and Glenn Geller, will be consolidated again and held by Reisenbach.
This marks the biggest executive move for Cheeks since he joined then-ViacomCBS almost three years ago to overseeing the CBS brands. It comes on a day of layoffs across CBS parent Paramount Global, primarily in the TV divisions. It also comes amid an ongoing consolidation as broadcast ratings decline — there is no dedicated top entertainment executives at the other two Big 3 networks, ABC and NBC, where the same executive oversees both the broadcast network and its sister streaming platform.
UPDATE 11:35 AM: Cheeks and Sherman sent out internal memos (you can read them below) confirming that Sherman is exiting as an executive and that the company is “entering an overall
Sky News Boss John Ryley Steps Down
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Restructuring, streamlining and realignment. We’ve been hearing that phrasing quite a bit over the past few months as media congloms have been thinning out their top executive ranks and targeting efficiencies to improve their balance sheets in a time when the effects from the pandemic are being exacerbated by the impact of the economic slowdown, high inflation and a looming recession.
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