Budget cuts close Turner tech office, startup accelerator

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Late December brought another unfortunate example of corporate budget cuts bringing the curtain down on an innovation team — this one at Turner Broadcasting, part of $30 billion media giant Time Warner. Turner, which operates cable channels like CNN, TBS, and Cartoon Network, had said earlier in the year that it would eliminate about 1,500 jobs, and it has also cancelled several shows.

balajigopinathTurner shut down a San Francisco emerging technology office that had opened in 2011, and had been overseen by VP of Emerging Technology Balaji Gopinath, right, and run by Sandy Khaund. The office launched and operated the media industry’s first accelerator program for startups, Media Camp, which we covered in 2013. Through that program, Turner had made small investments in 27 startup companies working on media and entertainment-related concepts. Many of the startups worked with Turner divisions on pilot projects and demos.

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