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Posts Tagged ‘Jay Penske’

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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RIP: Movieline

Actually, it’s not quite RIP. But if one goes by the information at the bottom of a recent Anne Thompson Indiewire blog item, it does not exactly inspire bookmarking confidence:

UPDATE: [Editor Frank] DiGiacomo writes in an email:

“Movieline is in the process of transitioning to an all-video site, probably in mid-April. The plan is for me to become PMC’s New York-based editor at large when that changeover occurs.”

In other words, just a few months after DiGiacomo’s west coast counterpart Jen Yamato parked her byline at Deadline (a development noted by Thompson and also something we have been noticing), what was once a beloved monthly LA glossy mag is getting ready to transform yet again. DiGiacomo’s update makes it seem like there will be lots of trailers and PMC YouTube embeds.

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Gossip Cop Takes Another Shot at Jay Penske’s HollywoodLife

It’s not usually a good thing when an outlet gets the “zero” rating on gossipcop.com’s rumor-to-truth left-margin thermometer graph. That was the case this morning with Bonnie Fuller‘s HollywoodLife or, as Gossip Cop deems the outlet, “Jay Penske‘s Webloid.”

Chief cop Michael Lewittes has been all over this particular news trail since Day One. He links to a head-spinning number of HollywoodLife items about an alleged Down Under “trial separation” between Robert Pattinson and Kristen Stewart. Lewittes claims the entire coverage block was erroneous:

It was sad, really, watching HollywoodLies — er, HollywoodLife — try to cover up its previous misrepresentations with increasingly desperate “reports” that bore no resemblance to reality.

Through it all, Gossip Cop correctly said that nothing had changed between Pattinson and Stewart, and predicted that when Pattinson returned to California, he and Stewart would make HollywoodLife look foolish. Sure enough, that’s exactly what happened.

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Two Trade Publication Staffs Walk Into a Westwood Office Building…

Among the various Twitter wise-cracks posted in response to the news that Variety, Deadline (and other PMC Web publications) will soon be sharing the same LA westside digs was this one:

More like reality TV show. Especially since one of the floors being leased at the Westwood high rise will feature “a full video production studio and three green-screen rooms.”

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Variety Makes Steven Gaydos a VP

Last week, Variety announced the appointment of three new editors-in-chief – Andrew Wallenstein, Cynthia Littleton and Claudia Eller. Today, the trade has made another big move on the “advertorial” side, promoting executive editor Steven Gaydos to the additional role of VP.

The expanded, double title would seem to reflect that Gaydos has the full confidence of new owner Jay Penske, running a features department where most of the money will be. From this afternoon’s announcement:

Gaydos will oversee all editorial for features, events, creative partnerships, custom publishing and other special projects…

Gaydos has been responsible for nearly 200 reports and related events each year, directing the multi-platform production of territorial surveys, film, TV, digital and music reports, business-oriented personality and corporate profiles. In addition, he created and directed the “10 to Watch” program and oversees various initiatives such as brand’s Impact Lists, Hollywood’s New Leaders, Dealmakers and the Billion Dollar series.

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