The people who run some of the (once) grandest institutions in print media are tumbling from their perches like so many fallen leaves, cast off in the face of a new season. It's not always their fault. Print is slowly wasting away, and as companies shrink, they cut off their own heads in a desperate bid to prove that they're doing something to address the problem. Not fair, but that's capitalism for you. After the jump, a list of recently deposed members of the old guard; mourn their passing, briefly.
Victor Ganzi, Hearst CEO-Ganzi quit this week, in a move that came as a shock to some. Though Hearst is not doing poorly, signs are there that it may be on the decline. Ad page counts at its top magazines are creeping downwards. Ganzi may have seen the writing on the wall.
Jack Kliger, Hachette CEO-Kliger lasted nearly a decade at Hachette, but stepped down this week. He leaves a company with an unsure future-layoffs, a questionable digital strategy, and stagnant ad growth will go down as big parts of the legacy of the end of his reign.
Jane Friedman, HarperCollins CEO-Friedman was sent packing from the publishing giant earlier this month, replaced by a man more than 20 years her junior. She spent nearly 30 years at Random House before coming to HarperCollins in 1997, and had a good deal of early success. But she was done in either by corporate infighting, or poor performance.
Peter Olson, Random House CEO-the book-loving, erudite bean counter was replaced last month by Markus Dohle, a robotic numbers guy who many feel will focus on earnings at the expense of "the romantic idea of literature." Uh, yea.