On April 2, The Hollywood Reporter editorial director Matthew Belloni tweeted a link to a story in the publication about an agent who had made explosive allegations about her company after being fi…
editorial director Matthew Belloni tweeted a link to a story in the publication about an agent who had made explosive allegations about her company after being fired.
The parent company is run by MRC film and TV studio executives Asif Satchu and Modi Wiczyk. THR insiders say that the pair and Billboard-The Hollywood Reporter Media Group president Deanna Brown leaned on Belloni to go easy on certain Hollywood figures in order to protect relationships that are vital to Valence’s other businesses. DCP, for instance, produces the Golden Globes, which depends on landing high-wattage celebrity presenters.
“In the course of doing that, I discovered a bunch of things, including that ethics policies were understood but not written down,” McBride tells Variety. Brown’s arrival coincided with the consolidation of power by co-CEOs Satchu and Wiczyk. Valence Media majority stakeholder Todd Boehly is said to be largely out of the picture in the day-to-day operations of Valence’s editorial units.
Brown and Belloni also repeatedly butted heads on editorial matters. On April 6, The Daily Beast reported on emails sent to Belloni in which Brown took issue with the “negative” tone of some stories, saying it had cast a cloud over a THR event celebrating Reese Witherspoon.
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