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Posts Tagged ‘Jimmy Finklestein’

THR Parent Gets Shiny New Name, Boss

To go along with the endlessly deep pockets of Guggenheim Partners, The Hollywood Reporter‘s parent company Prometheus Global Media now has two additional assets: a new name and a new leader.

Former Yahoo! and Fox Interactive Media exec Ross Levonsohn has been announced as the CEO of a new umbrella company, Guggenheim Digital Media. It’s intriguing mano-a-mano news for PMC’s Jay Penske, overseer of Deadline and Variety, and arguably an ominous development for Sharon Waxman‘s TheWrap:

In his role as CEO of Guggenheim Partners’ newly renamed Guggenheim Digital Media, Levinsohn will oversee THR, Billboard, Adweek, The Film Expo Group and the CLIO Awards. Levinsohn, no stranger to the art of the Hollywood deal, also will look to boost Guggenheim sister properties including Dick Clark Productions. He’ll be tasked with identifying new media businesses in which the global financial services company can invest — or acquire.

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THR Parent Company Exec Denies His CEO Days Are Numbered

The New York Post continues its excellent reporting on Prometheus Global Media, the parent company of The Hollywood Reporter, AdWeek, and Billboard, with news of an internal memo informing top-tier staff that CEO Richard “Mad Dog” Beckman is surrendering day-to-day managerial duties to his boss, chairman Jimmy Finklestein. All apparently so Beckman can focus on a new branded entertainment unit.

The Post also slants the piece, with help from unnamed insiders, to suggest that the move is a likely prelude to Beckman permanently stepping away from his CEO post. Not so fast, Beckman insists. Reached for follow-up by TheWrap, he refuted the read:

Said Beckman; “I am the CEO, I was the CEO and I will continue to be the CEO.”

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