Ray Chelstowski, Publisher of Newsweek/The Daily Beast, has been shown the door. According to the Wall Street Journal, Chelstowksi, who had been with the company for only about 10 months, was let go because of poor ad sales. Through the November 7 issue of Newsweek, ad pages were down 21 percent compared to last year.
Eric Danetz, who had most recently worked at CBS as Vice President of Interactive Sales, is taking over Chelstowski’s spot.
The change is effective immediately.