UPDATED, Wed. 10:07 AM: A big shake-up at Relativity today, with word coming that the employment of Co-Chief Operating Officer Greg Shamo is also being terminated today and that billionaire Ron Burkle is taking over its sports division after its head Happy Walters was pushed out.
"As a major investor in Relativity Sports, Relativity Media looks forward to working closely with Ron Burkle and The Yucaipa Companies as they invest in the company's growth," Relativity said…
