Latest in Prometheus Global Media

Hollywood is closing in on the third anniversary of the massive Sony hack, but The Hollywood Reporter and its former owner have just been hit by a new $5 million defamation lawsuit over its coverage of the attack that could draw fresh blood. "Callously indifferent to the devastation its Article would visit upon Ms…

More than three years after The Hollywood Reporter was accused of playing fast and loose with how it classified contributors to get out of paying benefits and more, a judge has approved a class-action settlement that will see the red-faced Prometheus Global Media publication paying out $900,000. The preliminary…

The lawsuits over the massive hack of Sony last year may be almost settled but now it seems lawsuits over the coverage have started – at least one. Nicole Basile has slapped The Hollywood Reporter's parent company Prometheus Global Media and two of the publication's writers with a defamation suit over a December 2014…

The Prometheus Global Media publication's dispute with a former freelancer just took on a whole new form – one that could really open the books on the way The Hollywood Reporter does business. In a pivotal hearing on Friday, Judge Jane Johnson issued a ruling certifying a nearly 2-year old case against the company and…

Guggenheim Partners today announced the hiring of a badly needed digital media CEO, presumably to put some fiscal diet discipline over its assets including The Hollywood Reporter‘s bloat. In the process it has removed the last remaining Prometheus Media equity owner managing THR after its 2010 purchase. Gone with the…

Prometheus Global Media is the beleaguered media company that owns The Hollywood Reporter and Adweek jettisoned Backstage and the Hollywood Creative Directory. I was tipped this morning that there’s a Billboard exodus underway: popular publisher Lisa Ryan Howard was pushed out and high-profile Billboard…

The Hollywood Reporter's Parent Company Continues To Cost Cut: Prometheus Pulled Plug On Hollywood Creative Directory UPDATE: Prometheus Global Media is now confirming what I reported last night; that it’s unloading yet another showbiz asset. Instead of calling this a sale, it’s calling this a financial “alliance&#8221…

Deadline recently wrote that The Hollywood Reporter was laying off and/or firing staff because of financial problems. Internal sources at embattled parent company Prometheus Global Media revealed to Deadline this week that the Hollywood Creative Directory employees, comprised of its publishing director of 17 years…

2ND UPDATE: The Hollywood Reporter has just removed from its website PMC’s unique and original featured module comprised of source code that produced PMC-owned TVLine.com’s distinctive homepage. This egregious theft and other issues form the basis for the copyright infringement lawsuit which Deadline’s parent company…