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Posts Tagged ‘Eric Danetz’

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Controversy Marks Newsweek’s Comeback (The Associated Press)
A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead Friday on a story it knew would get attention. A cover story claiming it had uncovered “the face behind Bitcoin,” the world’s most popular digital currency. Twenty-four hours after identifying Bitcoin’s creator as a 64-year-old former defense contractor employee living in Los Angeles, the controversy over whether or not Newsweek had outed the right man was so furious that Newsweek reporter Leah McGrath Goodman made the rounds on Bloomberg TV and CBS Morning News to defend her reporting against Dorian Nakamoto’s denials that he is the father of Bitcoin. Mashable For the first few hours after the article was published online Thursday, Newsweek enjoyed the kind of attention that most publications would kill for. The Bitcoin story dominated the conversation on social media; 700,000 readers had viewed it as of 5 p.m. ET on Thursday. It went on to top 1 million views. FishbowlNY Within the first few hours of the story’s release, however, Nakamoto emerged to deny any involvement with the digital currency, prompting a media frenzy. In a two-hour interview with the AP Thursday, Nakamoto denied having any involvement in Bitcoin, and the only reason he had ever heard of it was because a Newsweek reporter contacted his son three weeks ago. Nakamoto also said that during a brief interview at his home, McGrath Goodman misunderstood him (English isn’t Nakamoto’s first language). Politico / Dylan Byers on Media The account that created Bitcoin in 2009 has also suggested that the Newsweek story is inaccurate: “I’m not Dorian Nakamoto,” said the account holder, whose online name is Satoshi Nakamoto, according to USA Today. Newsweek In a statement released Friday, Newsweek defended the story: “Goodman’s research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years. Newsweek stands strongly behind Goodman and her article”

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More Changes at the Top for Time Inc. [Updated]

TimeLifeBuildingRockCenter_articleboxThe shuffling at Time Inc. continues. The New York Post reports that Leslie Picard — president of Time Inc. Branded Solutions — is the latest to leave the company. Picard had been with Time Inc. since 2008.

Picard is rumored to be leaving because new hires by Time Inc. haven’t played nice:

Picard is said to have been ‘big footed’ by the arrival of Mark Ford, an executive vice president ad sales, so much so that Ford actually wanted to move into the large office she occupied.

No one likes being big footed. Or Yeti’d, for that matter.

Picard isn’t the only big change. Eric Danetz, currently the chief revenue officer at Defy Media, is rumored to be named Fortune’s new publisher today.

The moves come amid other big changes for Time Inc. Just last week Scott Havens left The Atlantic to join the company, and Fran Hauser, a veteran of Time Inc. since 2003, departed.

Update (10:06 am):
It’s official — Danetz is Fortune’s new publisher. Jed Hartman, group publisher of Time Inc.’s News and Business Group, just sent out the announcement. You can read the memo below.

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Newsweek/The Daily Beast Ousts Publisher Ray Chelstowski

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.

UPDATE:
The New York Times is reporting that Managing Editor Tom Weber is out as well. Weber has resigned and won’t be replaced.

UPDATE TWO:
Jeremy Peters of the Times tweeted that Newsweeks’s Executive Editor, Edward Felsenthal, has resigned. Mark Miller is rumored to be replacing Felsenthal.