The Morning Fix: CNN shakeup in works? Another Disney exec on way out. Facebook vs. ‘The Social Network.’

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After the coffee. Before deciding whether I should see the new ‘Wall Street’ when I know I’ll just sit there picking it apart for two hours.

Status update. Has a movie gotten more ink lately than ‘The Social Network’? The Scott Rudin-produced, Aaron Sorkin-written look at the birth of Facebook is generating tons of controversy about how it portrays Facebook founder Mark Zuckerberg, who has made it clear he is not a fan of the movie and it’s not just because Jesse Eisenberg is playing him. This time, it’s the Los Angeles Times and Wall Street Journal weighing in with stories on the film and Facebook’s efforts to derail it.


Is greed still good? When Oliver Stone was making his sequel to the 1980s classic ‘Wall Street,’ he reached out to the street for help. Besides cameos from big shots Warren Buffet and James Chanos, he got several well-known Wall Street players to consult on the film even though Stone’s politics are on the opposite end of the spectrum from the masters of the universe. Said Vincent Farrell, the chief investment officer of Soleil Securities of the apparent contradictions: ‘I’m like everybody else, totally starstruck.’ The Los Angeles Times with a peek behind-the-scenes of ‘Wall Street: Money Never Sleeps.’ Meanwhile, the New York Post notes that no one is getting rich from their cameos in the movie.

Don’t let the door hit you on the way out. Another top Disney executive has resigned, the latest high-profile departure at the Mouse House. This time it’s Internet chief Steven Wadsworth who is stepping down. According to the New York Times, Wadsworth was viewed as a ‘weak link’ among Disney’s management team (guessing that’ll be one subscription to the gray lady that will be canceled) and his performance in the job was forcing Disney CEO Bob Iger to ‘spend an outsize amount of time managing the division.’ Not sure what an ‘outsize amount’ translates to in terms of minutes of the day, but it doesn’t sound good.

CNN shakeup? Is CNN U.S. President Jon Klein headed for the exit? FTV Live, a TV news website that is often on the money, says CNN will announce that Klein, who has struggled to turn around the cable news channel’s prime time network, will be replaced by Ken Jautz, a CNN executive vice president who oversees HLN, CNN’s sister network, whose ratings have grown lately. Of course, the timing is a little odd, since CNN has already named a replacement for Larry King at 9 p.m. and has a new show at 8 p.m. launching shortly.

Not a fan of the 99-cent store. Viacom Chief Executive Philippe Dauman is the latest to bash Apple’s dream of renting TV shows on iTunes for 99 cents an episode. While Disney and News Corp. have signed on for a test run, other major media conglomerates are steering clear because they think the price is too low and the risk their to core businesses too great. ‘We don’t think Apple has it quite right yet,’ Dauman said. More from Reuters.

Where were the teabaggers? The moderates made gains in the election for board seats of the Screen Actors Guild. The actors, including Ron Perlman, won all 13 of the seats up for election and are advocates of a merger with American Federation of Television and Radio Artists. News and analysis on what it all means from the Los Angeles Times and Deadline Hollywood.

Inside the Los Angeles Times: The much-anticipated (but not by me) sequel to ‘Wall Street’ is expected to take in $20 million in its opening weekend. David Letterman says he was not in on Joaquin Phoenix’s crazy act; a writer on the show begs to differ.


-- Joe Flint