Posted on 02/05/2018 11:12:17 AM PST by Hojczyk
Employees at Newsweek have been told that editor-in-chief Bob Roe and executive editor Ken Li have been fired, sources with knowledge of the situation told CNN.
A reporter, Celeste Katz, who had written articles about financial issues at the magazine as well as an investigation by the Manhattan District Attorney's office into its parent company, Newsweek Media Group, was also let go, the sources said.
Staff in Newsweek's New York offices were told to stop working and go home for the day on Monday afternoon, a source close to the newsroom told CNN. Katz was seen cleaning out her desk, the source said.
"Can confirm I was fired. I know nothing else. Can say nothing else yet," Roe told CNN in an email.
The news comes during a turbulent time for the magazine. Just last week the co-owner and chairman of Newsweek Media Group, Etienne Uzac, and his wife Marion Kim, who acted as the company's finance director, both stepped down.
Last month the Manhattan District Attorney's office raided the company's offices, taking several servers. Newsweek itself, in a story co-written by Katz, reported that the raid was part of a long-running investigation into the company's finances.
Li could not immediately be reached for comment, though he tweeted, "What a day to leave my charger at home." Katz declined to comment. A spokesman for Newsweek said the company would not have any comment on personnel matters.
(Excerpt) Read more at money.cnn.com ...
Daily Beast is the decayed remnants of what used to be Time Magazine.
After they compared Trump to Charles Manson, they should be fired.
Of course they have Editors:
I hung in with Newsweek until 2006 because it was so cheap-——then came their coverage,and cover, of the Duke lacrosse case and that was it for me.
.
Wow. If they go bankrupt, what will Yahoo link to? All they will have left is Huffington Post.
Sad news that Newsweak has still not disappeared FOREVER.
I will remember them as piles and piles of weekly stored in my house with my wife regularly asking “when will you dump them”.
LOL!
There’s no chaos. They’ll just reprint DNC talking points like they always have. No need for an editor.
“They need to Get Smart.”
With Q?
Go home so we can move everything out while you are gone.
Unfortunately, the penalty for offering a bad product in a free market is failure.
What they need to do is hang on and either: 1. get a bitcoin investor mailing list and hope that their lobbying for a command economy finally succeeds; and/or,
2. get friendly congress critters to grant them NPR/PBS-type taxpayer-subsidised funding so they can continue to churn out raw journalistic sewage. (But I repeat myself.)
In any event, they did “build that” so, sayonara schmucks.
What can you expect from a company that sold for ONE DOLLAR back in 2010?
Reporters were paid to spread dossier.
Will anyone notice if they go out of business?
Perhaps they thought it would be easier for Putin to write the editorials himself?
They’re still in bussiness?
I laugh at these pathetic failing losers. Bwaaaaaahaha.
That was about 89 cents to much.
It’s gonna be funny to read the texts from “Chicken Schiff” to the newsweak crew while they were having the closed hearing when DJT jr. was being questioned.
Or the leaks out of the Dept. of Deep State.
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