Amidst wild speculation about the future of the trade pub, The Hollywood Reporter has sacked its publisher Eric Mika.
E5 Global Media CEO Richard Beckman just informed the staff about Eric
Mika’s exit. It’s hardly unexpected. Ever since Beckman was hired in
January, he has been telling people outside the trade — but, deliberately, not the staff — that he plans massive firings at The Hollywood Reporter because the company plans to abandon the traditional trade format and formula. Instead it will become a small online showbiz news aggregator, and a glossy magazine, and a cable TV programmer which all depend on whether The Hollywood Reporter brand itself is marketable. On the other hand, there is a real possibility that the new owners may just flip the property or take on outside partners instead of exploit it themselves. So the future of The Hollywood Reporter as we all knew it remains a big question mark right now.