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Newsweek Exec in Secret Tape: We Gotta Turn the Business Around or We’re Dead
Daily Beast ^ | March 9, 2018 | Maxwell Tani

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 ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: dayancandappa; newsweak; newsweek
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To: EdnaMode

Newsweek as a brain surgeon. Well ... no.


21 posted on 03/09/2018 7:34:49 AM PST by Cboldt
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To: EdnaMode

I have it! A sharp turn to the left!


22 posted on 03/09/2018 7:35:12 AM PST by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: Red Badger

“Large fries and a discharge order on register 4”


23 posted on 03/09/2018 7:35:39 AM PST by circlecity
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To: EdnaMode

CIS

CEO Dillusion Syndrone

It is horrible, does your company suffer from CIS?

HR Human Resources department will just say, erroneously, new hires just need better people skills.

Another company destroyed by the HR Dept.


24 posted on 03/09/2018 7:37:22 AM PST by TheNext
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To: EdnaMode

Didn’t they already sell for $1 ?


25 posted on 03/09/2018 7:39:02 AM PST by Paladin2
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To: EdnaMode

Why pay to get lied to when so many will lie to you for free?


26 posted on 03/09/2018 7:39:18 AM PST by thoughtomator (Number of arrested coup conspirators to date: 0)
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To: EdnaMode

Even Geoge Soros, Carlos Slim and Tom Steyer won’t touch them with a ten foot pole,

They’d have more liabilities than assets and Newsweek is a lousy investment.


27 posted on 03/09/2018 7:40:37 AM PST by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Forever))
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To: EdnaMode

They obviously need to hate harder.


28 posted on 03/09/2018 7:41:50 AM PST by Lurkina.n.Learnin (Wisdom and education are different things. Don't confuse them.)
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To: Steely Tom

LOL!


29 posted on 03/09/2018 7:43:48 AM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: EdnaMode

Amazingly oblivious.


30 posted on 03/09/2018 7:46:36 AM PST by freedomjusticeruleoflaw
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To: shelterguy

I was just thinking last time I saw Time was on dentist office


31 posted on 03/09/2018 7:46:49 AM PST by mel (There are only 2 races decent and undecent people)
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To: EdnaMode

I think they have mostly free subscriptions to schools, medical and dental and vision offices, car repair shops, etc. Gives them captive audiences, like CNN does with airport and medical office TV feeds.


32 posted on 03/09/2018 7:47:43 AM PST by polymuser (Its terrible to contemplate how few politicians are hanged today. - Chesteron)
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To: EdnaMode
Newsweek Exec in Secret Tape: We Gotta Turn the Business Around or We’re Dead

I think he's too late. Years too late.

33 posted on 03/09/2018 7:51:12 AM PST by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: Red Badger

Buy purchasing zillions of $$$ of past annual losses the new owner gets to offset profits until the 15 years of losses are all used up


34 posted on 03/09/2018 7:54:08 AM PST by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: bert

What profits?....................


35 posted on 03/09/2018 7:57:48 AM PST by Red Badger (The people who call Trump a tyrant are the same people who want the president to confiscate weapons.)
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To: EdnaMode

I think the last time I picked up a Newsweak was at Dentist office around 2008. If you were talking about regularly reading it? Not since the mid-1990s.

I can remember as a kid (1970s) that people used talk about articles they read in the magazine....quoting such-and-such article. I haven’t seen that type of enthusiasm over since the late 1990s.

I just don’t see it surviving more than five more years.


36 posted on 03/09/2018 7:59:26 AM PST by pepsionice
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To: EdnaMode

37 posted on 03/09/2018 8:01:34 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: EdnaMode
"Really, we have to do everything right.”

Of course, that would never include being truly fair and objective.

People know when someone is not being straight with them.

They think we are real fools.

And they think we would actually pay good money to get stupidly scammed.

Scams go in the trash.

38 posted on 03/09/2018 8:10:06 AM PST by Slyfox (Not my circus, not my monkeys)
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To: EdnaMode

Start backing our great President and report on his accomplishments and you may just sell again. What a novel idea, start telling the TRUTH.


39 posted on 03/09/2018 8:12:32 AM PST by spincaster
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To: shelterguy

I sure don’t and do not know anybody who does.


40 posted on 03/09/2018 8:17:06 AM PST by Howie66 ("Tone down the tagline please." - Admin Moderator)
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