Michael Wright |
Wright was in the running to replace Turner Entertainment Networks president Steve Koonin, who departed in April, but pulled himself out of consideration and has since been pursuing other opportunities.
A source confirms he will be staying on at Turner while the search continues. Former Fox head Kevin Reilly is said to be in the running.
Wright’s exit comes during a time of turmoil at the company, which is facing headcount cuts. Earlier this week, Turner Broadcasting announced a voluntary buyout program for 6% of its U.S.-based employees.
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