Updated: The reorg is larger, as people have been expecting: As reported this morning as a rumor on Valleywag, Greg Coleman, EVP of Global Sales, is out, and his duties shift over to Hilary Schneider, reports Kara in a follow-up to her earlier report (below). Schneider is already the EVP of Local Markets & Commerce Division and Yahoo! Publisher Network. Meanwhile, Jeff Weiner is taking over a major chunk of divisions Schneider had under her, including purview over shopping, travel, autos, real estate and local. They will all now be part of the Network division.

Updated 2: The full internal memo about the reorg is here.

Original post: Yahoo (Nsdq: YHOO) has lost another exec to production studio BermanBraun, according to Kara Swisher at AllThingsD, in a piece that forecasts more departures for the internet company as it nears the midway point of CEO Jerry Yang’s self-imposed 100-day overhaul. Mike Weetman, CFO of Yahoo’s Network division, will take the post of COO of BermanBraun in two weeks. Weetman had worked for former Yahoo Media Group CEO Lloyd Braun, who created the new studio with erstwhile Paramount head Gail Berman at the start of this year. He is the second Yahoo exec to join BermanBraun this month. As we mentioned, Geraldine Martin-Coppola, left her job as Yahoo director of media group strategy to serve as the production company’s head of interactive. As an aside, Braun’s former chief of staff at Yahoo, Jennifer Trespacz, also exited Yahoo recently to take an HR post at Electronic Arts.