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More drama also ensued for Bauer on Wednesday, when a report on complex.com circulated that the Federal Bureau of Investigation is supposedly investigating former West Coast editors who allegedly took money in return for selecting photos to run on In Touch's cover. A spokeswoman for Bauer responded, "This whole story sounds ludicrous. Our West Coast bureau does not assign photo agencies — this goes through our photo desk. In Touch has not been contacted by the FBI."
As if that news wasn't enough to keep Bauer staffers buzzing, on Wednesday, Neil Goldstein resigned as publisher of Life & Style to join Maxim as associate publisher. A replacement has not been named.
— Stephanie D. Smith
AS LONG AS TIME PERFORMS, FINE: During his first earnings call as chief executive officer of Time Warner Inc., Jeff Bewkes said there will be a cost reduction in the corporate office. A spokesman later confirmed that 100 people will be let go from corporate headquarters and more cuts could be on the way for New Line Cinema. There is currently no timetable as to when changes will happen (which could include more layoffs). Bewkes also said AOL would split its Internet access and advertising businesses and, depending on what happens in upcoming negotiations, Time Warner Cable could be spun off.