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Posts Tagged ‘Richard Beckman’

Dottie Mattison Named CEO of Prometheus Global Media

Prometheus Global Media, the group that owns Billboard, Adweek, The Hollywood Reporter, Backstage, The Film Expo Group and Clio Awards, has a new CEO!

Dottie Mattison has been named the new CEO. She’ll replace outgoing CEO, Richard Beckman.

According to Adweek, she stated, “Prometheus has strong brands, broad audiences and partners, and the ability to deliver engaging and compelling content.”

She added: ”Our team is poised to take advantage of the opportunities in the changing global media landscape. We’ve already created new lines of business like the Adweek Young Executive Lab conference series, the Billboard Summer Beats Concert series and the mobile apps for The Hollywood Reporter. I look forward to leading the team to delivering even more excellence across the board.”

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Wrap’s Waxman: ‘Is Anyone Counting What They’re Spending Over There?’

On the (somewhat stale) news that The Hollywood Reporter offered Page Six editor Richard Johnson $1 million to move to THR, The Wrap‘s Sharon Waxman boggles.

“A million bucks? Is anyone counting what they are spending over there? Finkelstein’s new empire is throwing millions around like they’ve figured out how to make them back,” she wrote yesterday.

She takes a couple stabs at what other THR execs are bringing in: If her numbers are at all accurate, THR’s a great place to be the boss.

  • Group publisher Richard Beckman and THR editorial director Janice Min: “near $1 million each, at least.”
  • Associate publisher Michaela Apruzzese: “undoubtedly” making $300,000.
  • Ad sales execs: $200,000, with promises of six-figure bonuses.
  • “Numerous” senior executives are making “high-six-figure” salaries.
  • And, Waxman reports, the publication is spending $2 million on a redesign.

This is a “high-risk” strategy, says Waxman. To us, it certainly looks like the publication is spending money like it’s free–but if it can turn itself around, it’s worth it, right?

Lori Burgess Resigns From OK! Publisher Slot For Hollywood Reporter

The publisher of OK! resigned this morning to join The Hollywood Reporter as publisher, minonline reports.

Lori Burgess had been publisher of OK! since September 2008, and previously held stints as publisher of Seventeen, Mademoiselle, Elle, House & Garden and Niche Media.

Burgess is a past colleague of Richard Beckman, who, as president of THR, is responsible for Burgess’s hire.

She will start by June 1.

Cuts At Conde Nast Are Imminent

Magazines_1665_18663637_0_gg0_847_300.jpgAd Age reports that Conde Nast is preparing to make cuts to Richard Beckman‘s Media Group. The group, which Beckman has run since 2004, handles more than 80 percent of Conde Nast’s revenue. Traditionally, the Beckman group would take the lead on all corporate marketing programs as well as overseeing contracts for advertisers who bought ads within three or more Conde Nast titles.

Last year Beckman’s group generated an estimated $2.5 billion for Conde Nast. Unfortunately, with the postponement of Fashion Rocks 2009, the group’s biggest annual marketing program, Beckman’s team has had significantly less work on its palate. Now the staff of 135 people, including creative services, production, marketing and sales, are facing possible reduction.

CEO Charles Townsend warned Conde Nasters two weeks ago that they were going to have to make “difficult decisions” to cut cost. In addition to staff cuts, the Observer reports managers can expect another 10 percent reduction of their non-salary, discretionary budgets. Staffers will also see the elimination of their pension plan, FishBowlNY says. Currently pensions are frozen, there will be no more company contributions to the plan for eligible employees and those who are not yet vested will not have the option to become vested.

On the heels of all this tragic news, Gabriel Sherman was kind enough to point out, that if we look closely at these setbacks, we’ll actually see before us a “hopeful portrait of the magazine business.” In an article entitled The Magazine Isn’t Dying, which Sherman penned for Big Money, the prescient journalist says, “It’s not that magazines are dying; it’s that magazines that were created solely for advertising or market-share purposes are.”

If Conde Nast is any indication of how the magazine industry is fairing in this economic climate, we’d like say you’re wrong Mr. Sherman. Thankfully we don’t have to say it ourselves, since Conde Nast numbers speak for themselves.