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 show business executives as sources. Studios and the trades ‘need and feed each other—maintaining editorial integrity is a delicate balance,’ says one high-ranking insider who’s worked at multiple trades. ‘An outsider coming into this can end up being a bull in a china shop. You have to appreciate the nuance.’
“MRC’s recent staff cuts purged the magazine of some of its most prolific writers. Valence insists the cuts were spurred solely by bottom-line concerns. Aggressive reporting is time-consuming and costly. Complicating any reckoning, insiders say, is the fact Valence offered free advertising to MRC and partners—including numerous pages to Lionsgate during awards season to promote Knives Out. According to sources close to the company, MRC execs would dangle the promise of free advertising to help close production and distribution deals, like a gift with purchase (sources at MRC deny this.)
“More troubling than their attempts to tame THR is the possibility its parent company might point the magazine’s fangs at its corporate rivals and foes. Wiczyk has previously pushed information to editors that could be seen as an effort to drive negative coverage. Notably he gave staff detailed, highly academic presentations about Netflix’s lack of transparency in the platform’s viewership reporting.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…