You will be redirected back to your article in seconds

Exodus on as TMC switches gears

Web director Giovalli, news topper Lerner ankle

MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel.

Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected.

Seat Pagine Gialle bought terrestrial network TMC from Vittorio Cecchi Gori last year. SPG, the multimedia arm of telco Telecom Italia, renamed the web La7 and kicked cash and new talent into the channel to relaunch it this month.

But in August, cable and tire giant Olivetti and textile group Benetton launched a hostile takeover of Telecom Italia, including La7. The new shareholders said last week that SPG lost $65 million in the first half of the year compared with a small profit a year earlier, mostly because of the acquisition of TMC-La7.

More TV

  • The Simpsons

    All the Thanksgiving TV Marathons You Can Binge This Weekend

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • '89 Blocks' Set to Kick Off

    TV News Roundup: '89 Blocks' Set to Kick Off Fox Sports Films 'Magnify' Series

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • The Chambermaid Ventana Sur Fest Traveler

    Ventana Sur Opens Shop for Latin American Film and TV

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • Nancy Lesser HBO

    HBO Exec Nancy Lesser Sues TV Academy Over Broken Pelvis

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

  • Ted Sarandos Harvey Weinstein

    Netflix Won't Host Golden Globes Party With Weinstein Company

    MILAN — Two more execs ankled debt-ridden network TeleMonteCarlo (TMC) after last week’s revelation that it will be relaunched as a low-budget news web rather than a youth-skewed channel. Web director Roberto Giovalli and head of news Gad Lerner quit Wednesday. Presenter Fabio Fazio has already left and more resignations are expected. Seat Pagine Gialle […]

More From Our Brands

Access exclusive content