Donald Trump is still very angry over the erroneous reporting about the financial losses at his Twitter clone, Truth Social, and in a new lawsuit filed Monday, the ex-president claimed that the reports were actually a vast media conspiracy involving “no less than 20 major media outlets.”
Penske Media Corp.’s Hollywood Reporter is poised to go through a new round of layoffs after misses on revenue targets last quarter, an insider with knowledge told TheWrap. The first quarter represented a tough advertising environment for all the entertainment trades, but was catastrophic for Reporter, one of two legacy publications, the insider said.
Four years after Matthew Belloni ostensibly took over from Janice Min at The Hollywood Reporter, the long time writer for the Tinseltown trade is exiting in the middle of the challenges of the coronavirus pandemic. Though stressing in a memo to staff that the move is “100% amicable,” Belloni also reveals some serious tension at the top of the Valence Media-owned magazine may render things untenable
Exclusives
The Hollywood Reporter has created a two-year training program that aims to increase the number of television and movie executives of color called the Young Executives Fellowship. Starting in April and continuing annually, 25 underrepresented and low-income high school juniors in Los Angeles will be selected to participate. Amazon Studios and the WME talent agency are sponsors, and Mayor Eric Garcetti of Los Angeles and Martin Luther King III will sit on the advisory board.
The new venture announced Thursday is called Valence Media and combines the Billboard-Hollywood Reporter Media Group, Dick Clark Productions and film and television studio MRC. MRC co-founders Asif Satchu and Modi Wiczyk will lead Valence as co-CEOs.
Negotiations for a sale have apparently been going on for several months between the companies. Condé Nast CEO Bob Sauerberg and artistic director Anna Wintour brought in UBS Investment Bank to oversee the purchase from Eldbridge Industries, represented by Moelis & Co. and Goldman Sachs. There’s a possibility negotiations have stalled over the asking price.
NEW YORK (AP) — The Hollywood Reporter has ended its annual power rankings of women in Hollywood. President and chief creative officer Janice Min wrote in a posting Wednesday that, […]
The Hollywood Reporter admitted to stealing code from Penske Media Corp., parent company of rivals Deadline Hollywood and Variety, as part of a recent settlement the two companies reached to end their year-and-a-half-old legal dispute.
Amid assorted Internet rumors stemming from a newspaper report Friday morning, the CEO of Prometheus Global Media issued a company-wide statement saying that The Hollywood Reporter and other trades such as Billboard and Adweek were not on the auction block.
