Jeff Bewkes Starts Cleaning House at Time WarnerMEDIA
• At least 75 Time Warner layoffs are expected to be announced today. The layoffs are among CEO Jeff Bewkes’s first public tasks since taking the helm of the company from Dick Parsons last month. Earlier today, Time Warner announced a 41 percent decline in fourth-quarter earnings. [MSNBC& AdAge]
• Maybe some of those Time Warner folks can hang their hats over at Condé Nast. The Observer evaluates Portfolio’s recent spending spree, during which it recruited top talent from The New Yorker, the Post, and the Times. [NYO]
• (Product)Red, the love child of Bono, iPod, and the Gap, has raised more than $22 million for fighting HIV and AIDS in Africa. But considering the big advertising bucks spent during the Super Bowl and elsewhere, some are arguing that it’s not enough. [NYT]
Calvin Klein and Donna Karan’s Bentley Accident: Hilarious!Donna Karan rear-ended Calvin Klein’s Bentley while in her own Bentley. And get this, she was actually driving herself! Don Imus will have a co-host for the first time in his career when he returns to the air on December 3. Bryant Park charges the crew of Sex and the City $100,000 for each day they film there. (Also, the film’s ending is supposedly not yet written.) NBC Universal Jeffrey Zucker bought Kitty Carlisle Hart’s East 64th Street co-op for $12.3 million, “Page Six” reports, making us happy to see that they’re catching up on two-month-old Daily Intel posts. More Secret Service guards have been hanging out on Barbara Bush’s West Village block, perhaps because Janeane Garofalo gabbed on Bill Maher’s show that she’s Bush’s neighbor. Downtown promoter Ivy Supersonic spent a night in jail after being accused of stealing $7,000 by the owner of the Plumm. ‘Mocialite Kristian Laliberte hosted a party with BlackBook magazine for Carlos Campos at Upstairs in Soho.