Disney Layoffs Hit TV Ad Sales Team At Former Fox Networks Group, 20th TV EVP Michael Teicher Exits

The now defunct Fox Networks Group consisted of the Fox Television Group, which was split into two, with the Fox broadcast network staying at the new Fox and 20th Century Fox TV going to Disney; Nat Geo, FX Networks and international units, which went to Disney; and the regional sports networks, which are in the process of being divested.” />
I hear some of the affected people are getting severance packages and will be leaving immediately, some are getting job offers from Disney, and one or more received extensions until September when there will be a re-evaluation.
I've also learned that Mike Denby, SVP Ad Sales at Fox Networks Group, and fellow FNG SVP Ad Sales Robin D’Elia received offers to stay on.
EXCLUSIVE UPDATED WITH MORE NAMES: A month after Disney's $71.3 billion acquisition of key Fox assets was completed, there is a second round of layoffs hitting the former Fox units, I have learned.
The first wave of TV layoffs immediately after the Disney-Fox deal closed last month was primarily in the area of distribution, which always is vulnerable in consolidation. Mark Kaner, President of 20th Century Fox Television Distribution, a stand-alone division at Fox, and Greg Meidel, president of syndication division Twentieth Television, were the most notable departures.
While virtually all post-merger layoffs so far have been on the Fox side (film and TV), some cuts on the Disney side also are expected down the road as both Fox and Disney execs will be considered for positions.
I've learned that among those that have been let go is Michael Teicher, EVP Media Sales for Twentieth Television, which was part of FNG. He had been at the studio for six years. I hear the list of those served with severances include a number of long-time Fox employees, many at the VP and Director level.
I hear the impacted executives work for the former Fox Networks Group division of 21st Century Fox, a large part of which moved to Disney as part of the acquisition. I hear the terminations are affecting employees related to TV ad sales in New York.
Disney CEO Bob Iger has said the acquisition will result in $2 billion in cost savings, which analysts have translated to more than 4,000 layoffs.
I hear individual meetings are happening today with the higher-level executives; lower-level staffers are expected to be notified tomorrow.

Fox Networks Group And AT&T Renew Cross-Platform Distribution Deal

The renewal includes Fox-owned local broadcast stations in 17 cities and the 22 Fox-owned regional sports networks. It also includes FS1, FS2, FX, FXX, FXM, National Geographic Channel, Nat Geo Wild, BabyTV, and Spanish-language services Fox Deportes, Nat Geo Mundo and Fox Life, as well as the Fox Soccer Plus pay-per-view service.
AT&T and Fox Networks Group have renewed a multi-year deal to continue distribution of Fox programming across AT&T’s video platforms DirecTV, DirecTV Now and AT&T U-verse.
  ” />
Fox Networks Group President of Distribution Mike Biard added: “We’re pleased to expand our partnership with AT&T through this wide-ranging agreement which ensures that our top-rated entertainment and sports programming will remain broadly available to DirecTV, DIRECTNOW and U-Verse customers for the foreseeable future.”
“We are pleased to have closed a multi-year deal with Fox for their entire array of content. Our customers will continue to enjoy their programming live and on-demand on all their devices, both at home and on-the-go,” said Daniel York, chief content officer and senior executive vice president for AT&T Communications. “Fox has worked with us in this deal to deliver more choice for consumers and better value to AT&T customers.”