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Posts Tagged ‘Jay Penske’

Nikki Finke Talks to the Wall Street Journal

On page B1 of today’s Wall Street Journal, there it is. That rare entity known as an extensive on-the-record Nikki Finke interview. Finke emails and phones reporters all the time, but it’s usually always off-the-record. So kudos to Ben Fritz for being the one holding the scoop this time around.

In this particular case however, there was a minor glitch. Within a few hours of the online version being posted, Finke was objecting via the comments to the sub-headline ‘Founder of Website Deadline.com Says Vision Is No Longer Shared’:

That sub-head is unsupported by my quote published in the article: “The issue is whether this shared vision is still intact,” Ms. Finke said in an interview this week.” The WSJ needs to correct this sub-head immediately.

[Editor's note: The WSJ did correct immediately to 'Founder of Website Deadline.com Questions Whether Vision Is Still Shared']

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Report: Nikki Finke May Soon Be TOLDJA-ing at NikkiFinke.com

New York Post media reporter Claire Atkinson has info this morning that would seem to confirm the report on Defamer last week by Beejoli Shah that Nikki Finke may indeed finally be on the way out at PMC.

According to Atkinson’s sources, Jay Penske will be sitting down this week for a board meeting with Penske Media Group Corp. colleagues to address the (latest) percolating Finke situation. The key date, apparently, falls right after Labor Day:

Finke, who is said to be bristling under Penske’s management of the website, feels the terms of her employment contract have been broken and is eyeing a Sept. 3 exit, according to a letter a lawyer for the star journalist delivered to Penske late last week, sources said.

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Kevin Smith Revs Up Nikki Finke Way-Back Time Machine

Long before the Jay Penske deal, Nikki Finke was of course already at it.

Today on HuffPost Live, writer-director Kevin Smith chimed in re: the whole Sharon Waxman mess by recalling a tussle with Finke in the summer of 2006. She wrote that Clerks 2 was “well on its way to more failure,” prompting Smith to respond and Finke to post anew on July 26:

I’ve edited out the jejune personal attacks. But because I’m always in favor of a dialogue based on the merits or demerits of my editorializing, I’m honored to give director Kevin Smith his say…

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Website Asks Wrong Nikki Finke Rhetorical Question

Unless, that is, Contact Music knows something we don’t. Namely, that Finke has already bolted from PMC for a new stealth enterprise and is quickly having second thoughts there.

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PMC Dismisses Sharon Waxman Bombshell Report

Sunday, bombshell Sunday.

At 6:45 p.m. PT tonight, Sharon Waxman posted an article titled “SHOCKER: Jay Penske Fires Nikki Finke from Deadline Hollywood.” She has since updated her article with information also contained in a DHD denial shared at 7:46 p.m. by Mike Fleming.

It’s not so much what Fleming writes but rather the internal emails he references. One was sent by Jay Penske to Waxman and the other to staff from PMC  head of communications Lauren Guillion. The latter communication ends with this:

It is sad when a rival business feels the need to fabricate stories to create traffic and notoriety. Due to the defamatory and disparaging nature of some of the completely inaccurate statements made by Waxman, PMC has turned this matter over to our attorneys.

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Sharon Stone Gag Article Hits Front Page of Yahoo

We were definitely stunned this morning when we saw the following headline parked at the top of Yahoo’s front-page Entertainment news scroll:

Although the front page outlet-tag credits only Variety, the article is actually from the Hollywood trade’s satire partner Hollywood & Swine. The four-paragraph item was fed to Yahoo on Saturday and republished minus the framing disclaimer, fooling some readers, puzzling others and offending many more:

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Janice Min: ‘The Only Thing We Kept Was the Name’

It’s hard to argue with the selection of Janice Min for this week’s LA Weekly issue celebrating “the most interesting people” in Los Angeles. The name-brand editorial director has completely re-invigorated a moribund Hollywood trade, showed Jay Penske the way with her weekly glossy print edition and essentially steered clear of Nikki Finke‘s core beat.

So much so that a New York Post story today about the contract renewal status of Vanity Fair editor Graydon Carter mentions Min as a logical successor. Here’s a taste from Gendy Alimurung‘s LA Weekly profile of the “tiny, friendly” 43-year-old:

The new Hollywood Reporter launched in November 2010, a scant four months after Min took charge. The compressed schedule forced her to think clearly, she believes. Sometimes too much time muddles your thinking. The proof is in the numbers: Online traffic is up 800 percent. More importantly, revenue is up 50 percent.

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Lawsuit Pits Jay Penske Against Former Variety Exec

It was to be called Beverly Hills Entertainment Week. But the 2012 event never happened and according to reports late last night on Deadline and TheWrap, past and present regimes of Variety are tangled up in the 90210 details.

Variety Media LLC is claiming in an April 29 LA Superior Court complaint that a $500,000 event sponsorship deal set up previously at Variety with Beverly Hills Media Group was fraudulent. In addition, the trade’s new ownership alleges that because the sponsorship deal was never properly disclosed during due diligence for the PMC-Variety deal, they are now on the hook for a penalty.

The defendants, in a counter-claim filed Tuesday, insist they tried to set up a meeting with Penske during the Variety acquisition process but were denied.* From Sharon Waxman‘s report:

The complaint accuses the unnamed “executive officer” of Variety of engaging in a “fraudulent, self-dealing transaction while the assets of Variety were being marketed for sale for the purpose of diverting substantial revenues generated by Variety…”

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Stacey Farish Ankles TheWrap… for PMC!?

This one is definitely a shocker. Stacey Farish, publisher of TheWrap, has jumped to Variety/Deadline owner PMC.

From this afternoon’s brief Deadline announcement:

Effective immediately, she leaves and becomes publisher of Deadline’s print magazine Awardsline as well as vice president of PMC Entertainment. She will be working with Nic Paul, the senior vice president of PMC Entertainment ad sales…

“Hiring Stacey demonstrates PMC’s commitment to the rapid growth of Deadline as one of the most dynamic companies to watch in the digital media arena,” said PMC founder and CEO Jay Penske.

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PMC, Prometheus Settle Deadline-TVLine-THR Lawsuit

From a PR standpoint, it’s been a strange week for PMC.

On Tuesday, Jay Penske’s operation rolled out a new weekly edition of Variety. But for a variety of reasons (pun intended, sorry), the launch yielded not nearly the boffo media splash it should have.

Now, at the end of a Passover/Good Friday week’s close, there is news of the settlement of a contentious IP theft lawsuit filed by PMC against Hollywood Reporter parent-parent company Prometheus Global Media. In this case, perhaps PMC was readying a big Cesar Chavez Day press release. But instead, Wall Street Journal reporter Ben Fritz this afternoon got to the court documents first, followed by TheWrap’s Lucas Shaw:

When PMC filed the suit, it was seeking more than $5 million in damages, accusing THR of lifting source code from PMC’s site TVLine.com. The two parties settled on $162,500 as well as some other pieces that have not been made public, according to an individual with knowledge of the suit.

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