CBS Entertainment exec VP Peter Tortorici is said to have concluded a deal that will make him president of the entertainment division after the development season ends this spring.
Still unclear are the plans of his boss, Jeff Sagansky, who’s said to be telling associates that he’s ready to move on.
The exec has stated publicly that he still enjoys his job and has no plans of leaving, while sources say Sagansky has privately indicated that he hasn’t made his mind up yet about what he’ll do when his contract expires.
Rumors heated up last week regarding a Sagansky move to Paramount Communications, though several other top execs — including Viacom’s Neil Braun and HBO’s Michael Fuchs — have been mentioned in connection with the studio as well.
Network officials couldn’t be reached for comment, but said there was nothing new regarding the status of the two execs as of last week.
However, sources say CBS is already eyeing replacement candidates for Tortorici, among them Caryn Mandabach, president of the Carsey-Werner Co.; and Glenda Grant, who heads longform programming at Hearst Entertainment.
CBS has been holding out the option that Sagansky will take an elevated position at the network. His former colleague, Brandon Tartikoff, made a similar move by graduating from president to chairman of the NBC Entertainment Group shortly before exiting the Peacock web to head Paramount Pictures.
The Tortorici development hardly comes as a surprise, with sources saying that the well-regarded exec’s last contract stipulated that he’d either move up by summer 1994 or become a free agent.