DOJ investigating Variety parent’s deal for Hollywood Reporter
The U.S. Justice Department is investigating Penske Media’s announced deal to acquire a majority stake in The Hollywood Reporter, reports Alexandra Steigrad and Josh Kosman of the New York Post. Steigard and Kosman report, “Sources said DOJ officials have been reaching out to third parties — including ad agencies that work with digital media companies and in-the-know Hollywood talent […]
Variety parent to operate Hollywood Reporter
Variety parent company Penske Media Corp. has set a deal with MRC to operate Billboard, Vibe and the Hollywood Reporter under a newly formed joint venture. A Variety story states, “PMC will lead daily operations of an expanded entertainment and music brand portfolio under the PMRC banner that will bring two Hollywood trade institutions under the same […]
Penske Media considering Hollywood Reporter purchase
Penske Media Corp., the parent company of Variety and Deadline, is in talks that may lead to the purchase of rival showbiz publication The Hollywood Reporter, reports Joseph Kapsch of Los Angeles Magazine. Kapsch reports, “A top-level executive close to the situation tells Los Angeles that talks concerning a potential deal between PMC and The Hollywood Reporter‘s parent […]
Hollywood Reporter faces questions about ownership interference in coverage
Alex Bhattacharji of Los Angeles Magazine examines The Hollywood Reporter, an industry publication that has drawn criticism for editorial interference by its owners. Bhattacharji writes, “The troubles at THR exposed the reality faced by all media outlets that cover the industry. The publications survive thanks to the ad dollars of the companies they cover; their writers depend on […]
AP’s Moody hired as editorial director of Hollywood Reporter
Nekesa Mumbi Moody has been named editorial director of The Hollywood Reporter, joining the publication after more than two decades with the Associated Press, most recently as its global entertainment and lifestyles editor, reports Sara Fischer of Axios. Fischer reports, “The state of play: She takes the helm at a time when Hollywood is experiencing […]
Layoffs begin at The Hollywood Reporter by parent company
Valence Media, parent company of The Hollywood Reporter, has laid off 20 employees, including executive vice president and group publisher Lynne Segall, reports Yahoo Finance. In addition, film critic Todd McCarthy, senior editor Benjamin Svetkey, senior film editor Piya Sinha-Roy, real estate and city editor Peter Kiefer and senior events editor Ramona Saviss were also […]
Valence Media to slash jobs at Hollywood Reporter and Billboard
Parent company Valence Media will be cutting jobs at both The Hollywood Reporter and Billboard in an attempt to reduce expenses by up to $10 million, reports The Wrap. The downsizing was initially stated to be bigger as the company is at an estimated loss of about $18-$19 million a year. The move comes at […]
Hollywood Reporter editor to depart after 14 years
Matthew Belloni, editorial director of The Hollywood Reporter, is stepping down after spending 14 years with the entertainment publication. “My 14 years at THR have been the greatest of my professional life,” Belloni wrote in an email to staff Monday. “It’s been a privilege to lead this group of amazing journalists — a nonstop, 24/7, […]
