TV Guide Hires Interim CEO, Can He Delay the Inevitable?
Former Hachette CEO Jack Kliger was named acting CEO of troubled TV Guide, filling the role vacated in May by Scott Crystal. TV Guide has had a rough year, having endured by two ownership changes and staff and circulation cuts as the once powerful magazine has struggled to survive in one of the worst advertising recessions in history.
The former CEO Scott Crystal was ousted from the position after accusing the magazine’s private-equity bosses of raiding the title and hastening its downfall. In addition to serving as acting CEO of TV Guide, Kliger also will be senior adviser to TV Guide’s private equity owner, Los Angeles-based OpenGate Capital.
Prior to landing at TV Guide, Kliger was president and CEO of Elle and Car & Driver publisher Hachette Filipacchi Media until September, when he was replaced by Hachette parent Lagardere Active exec Alain Lemarchand.
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