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]
New iPods Coming!At an Apple event in San Francisco this afternoon, Steve Jobs is expected to announce updates for the company’s entire fleet of personal MP3 players
Happily Eva AfterOK! magazine paid more than $2 million for the rights to Eva Longoria’s wedding photos, much to the chagrin of People. Lily Allen was so drunk during a performance she referred to hostess Tinsley Mortimer as “Ashley Winksdale,” which, actually, is kind of awesome. Courtney Love has been licensing Kurt Cobain’s likeness for a bunch of lame products. (Certainly Al Pacino wouldn’t approve.) The Queen of England uses e-mail and has an iPod. Rachel Roy and Damon Dash got into a public spat at Dash’s club Socialista. Ryan Cabrera and Riley Keough — she’s Elvis’s granddaughter — are on the outs. Renée Zellweger might be dating an agent at CAA.
CFDA’s Titanic iPod: It’s Unsyncable!The fashion-industry elite walking out of the Swarovski-sponsored pre–CFDA awards dinner at Top of the Rock last night found a particularly exciting treat in their gift bags: a Swarovski-crystal- encrusted iPod Shuffle. There’s just one problem. The crystals covering the case make the Shuffle too big to fit in its dock, which means it won’t sync with a computer. Unless, that is, the fashionistas go out and buy Shuffle adaptors, we’re told. Note to Swarovski: Next time, get a tech team in to consult on crystal size. —Jada Yuan