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 companys 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 Newsweeks 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 ...
Well then maybe they should quit publishing insane Leftist conspiracy sh** that makes websites like AlterNet and TruthDig look SANE!
“Chief Content Officer”??
Is that what they call the chief propagandist nowdays?
DEFUND propagandists.
Bezos might waste money in it
Hillary..."If that f - - - ing bastard wins, we all hang from nooses!"
Stll waiting...
The profitable company that buys Newsweak for $1 merges the companies and thus has a loss to write off against profits
“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.”
Fine with me! Saves a few trees!
It was sad that US New and World Report which was founded by a conservative in the 1930’s to counter balance FRD’s administration slowly went left. It could never compete with Time or Newsweak for the liberal/left reader. Circulation dropped and now US News is a shadow of itself and exists primarily on-line.
Newsweek went from a relatively centrist magazine to an openly leftist rag, and is surprised it lost readership.
They won’t remain profitable for long...............Adding a drop of sewage to a gallon of pure water just makes a gallon of sewage.............
Someone on FR needs to enlighten me on HR departments.
I work at a college and have been part of about 15 job searchers for faculty and staff.
Our HR department approves the ad for the position, the salary range, and the questions we ask the applicants. The search committee members (none from HR) review the applications. Interview by phone six to eight candidates that the search committee members believe would be a good fit
and finally bring 3-4 candidates on campus for interviews.
The chair of the search committee also checks references after an offer has been tentatively made. HR people may be a pain in the butt, but they are not involved in the decision making process to hire someone.
There is the difference. The search committees at my college review all the applicants. We had over 100 applicants for the head librarian’s position some years ago. Each member of the search committee reviewed each applicant. At our first meeting we eliminated 60 that did not meet the education and/or experience requirements as outlined in the ad.
After that it took some time but we hired the best candidate!
Given the quality of the Newsweek staff such as it is, you're saying "we're screwed" then aren't you, Mr. Candappa?
Yes HR is involved, the writing of the job description weeds out certain types, the interview question weeds out certain types and you’ve oddly skipped past the affirmative action mindset that favors certain types over others. That you and your committee are left to pick and choose from what comes out the nether regions of that process merely creates the illusion of making a decision, when it was in fact made for you.
These are the people who should try to find a real job that is not in the media punditry or academia.
Good luck with that.
I have an idea How about positive things like Melania Trump on the cover of the magazine and a glowing article.
That’s a great idea. It would be a huge seller.
Imagine what President Trump’s approval ratings would be like if they reported the truth.
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