Newsweek Guts Its Top Edit Staff Amid Legal Turmoil
Source: Daily Beast
Newsweek on Monday fired all of its top staff amid turmoil that has upended the newsroom.
In a company meeting, several editors announced that the outlet had fired Editor in Chief Bob Roe, Executive Editor Ken Li and reporters Celeste Katz, Josh Saul, and International Business Times editor Josh Keefe.
The editors told staffers some of the firings were not official, but according to one person with direct knowledge, both Katz and Keefe were locked out of their work email and computer accounts and instructed to meet a human-resources representative offsite shortly after Roe was fired.
Newsweek also sent staff home for the day.
Though the editors did not elaborate on why the top staff left the company, three staffers who spoke to The Daily Beast on the condition of anonymity pointed out that Li, Katz, Saul, and Keefe had all published pieces reporting on the companys recent troubles.
Read more: https://www.thedailybeast.com/newsweek-guts-its-top-edit-staff-amid-legal-turmoil
pnwmom
(109,009 posts)Eliot Rosewater
(31,131 posts)Renew Deal
(81,883 posts)So something criminal probably happened at some point...
UpInArms
(51,285 posts)And ... that, in the news business, is a felony
You have to file those reports with the feds weekly (I reported those numbers for 10 years at my newspaper) and ... right under your signature, it states basically, if you lie, its a felony
groundloop
(11,527 posts)I've never heard of this before so I'm curious as to the reason circulation has to be reported weekly.
Renew Deal
(81,883 posts)Higher circulation = more money
UpInArms
(51,285 posts)But the reporting is separate from that ... advertising rates a really dependent upon your demographics
UpInArms
(51,285 posts)You are classified as periodical mail, class 2 ... and your rate depends on your level of advertising as weighted against the news (by percentages) and then the total physical weight of each paper to be mailed ... on an annual basis, you report your total circulation .. which has to match what you mail and certify weekly ...
But, the amount of money that you can charge your advertisers is roughly based on what your reported circulation numbers are ... its rather convoluted
The bottom line is that you cannot fudge those numbers without being caught up in it ... the web is really tight
Angry Dragon
(36,693 posts)TygrBright
(20,773 posts)...and included a higher percentage of un- or barely-substantiated clickbait-ey non-news than most reputable outlets can tolerate.
A lot depends on what they were hoping to get from the company over short/long horizons, but if they can survive this they may need another few years to rebuild as a credible magazine-format news outlet.
If format even means anything in the era of 5-minute news cycles and social media, anymore...
regretfully,
Bright
mahatmakanejeeves
(57,664 posts)It hasn't been what it used to be for a long time.
FakeNoose
(32,823 posts)But that was when they were owned by the Washington Post - a long time ago.
It's sad to see this happen, but maybe they should just close it now. Seems like The Daily Beast has taken over their partnership and there's not enough business to sustain both brands.
Dulcinea
(6,670 posts)I used to really enjoy reading the print edition. I was required to in college, many moons ago.
Princess Turandot
(4,787 posts)Link to tweet
Link to tweet
The guy whom Eichenwald retweeted then published this article:
https://nypost.com/2018/02/05/newsweek-fires-top-editors-covering-probe-into-parent-company/
The two editors were overseeing a Newsweek investigation into the magazine parent companys financial affairs and its possible connection to Olivet University, a fundamentalist Christian college founded by followers of controversial Korean-American pastor Rev. David Jang.
.....
The Manhattan DA is in the midst of an 18-month probe of NMG [Newsweek's parent], sources said. One focus of the probe is a possible money trail between the NMG and Olivet, sources have told The Post. On Jan. 18, about two dozen agents from the Manhattan District Attorneys Office raided the Newsweek offices in downtown Manhattan and carted away 18 computer servers. The DAs office declined to comment on the probe.
It's the NY Post, but Eichenwald is reliable. He's the guy who was tweeted a video with flashing strobe effects from a rightwinger/Trumper, hoping to cause him to have a seizure, since he is epileptic. There are charges outstanding against the miscreant in question in Texas, for aggravated assault with a hate-crime enhancement.
UpInArms
(51,285 posts)👍🏼