Posted on 03/09/2018 7:25:51 AM PST by EdnaMode
Two weeks ago, Newsweek Media Group Chief Content Officer Dayan Candappa said the company had just five weeks to turn around its business, or it might have to shutter for good.
“I wish I could varnish this, it would be an easier conversation to have,” Candappa said in audio of the meeting obtained by The Daily Beast. “I think we can pull out of this, but we have to execute with the precision of a brain surgeon. Really, we have to do everything right.”
In the private conversation with top editors on Feb. 21, lasting nearly 90 minutes, the CCO acknowledged a litany of what he described as “significant” financial problems the company faced.
An office raid by the Manhattan district attorney amid an investigation into the company’s finances and ties to mysterious church-affiliated Olivet University have created a number of embarrassing headlines for the company, as had newly surfaced allegations of workplace harassment by Candappa when he was employed by Reuters (an internal probe at Newsweek cleared him).
In the secretly recorded meeting, Candappa claimed that Newsweek’s major financial problems were the result of a February BuzzFeed report showing the media group had committed digital advertising fraud. More immediately troubling, the CCO said the report had spooked advertisers, and that a number of advertising exchanges had subsequently cut off IBT and Newsweek.
(Excerpt) Read more at thedailybeast.com ...
Is Newsweak still around? Who knew…..
Bye!
I bet they file for BK by the end of the year.
Whoever paid the dollar for it got screwed...............
25, maybe 30 years ago it was a pretty good news source.
Now it resembles a tool of the liberal wing of the democrat party.
Worthless as a source of real news.
The propaganda is not selling.
Good. Now, when can we see the last of TIME Magazine, too?
[In the private conversation with top editors]
Leakers within.
Burger King?
Would you like fries with that?...................
Newsweak, TIME, etc, they do not offer content that people are willing to pay for, it’s really that simple.
Let that useless outfit go belly up. Nobody will even notice.
Back 40 or so years ago, I had subscriptions to Newsweek, US News and World Report and Time, plus some others with fold outs.
I got tired of paying for ‘news’ that was already a week or a month or more old by the time I got it, and so cancelled.
They have never changed...............
I have an idea: change Newsweak to a Trump-positive, Constitution-promoting magazine. Sell out the first issue and if it’s good, get millions of new subscriptions.
Naaaaaah, the globalists wont like you any more. Waaaaah, then we have to die.
There's only one answer: we've got to go further to the left.
Here’s an idea. How about just reporting the news without liberal bias? Maybe some real investigative reporting into real corruption?
Crazy I know.
I’m sure the doctors can find something else to put in their waiting rooms. Nobody actually buys it, do they?
Adios, Mofos.
Any MMS provider which puts out Fake News 24/7 about our President and his voters and us, would/will have zero problems charging ad buyers for digital advertising fraud!
All I see is liberals offering more excuses for failure.
Well, uh - bye!
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