The CEO of The Hollywood Reporter-Billboard Media Group has resigned his post, with the move coming “during a period of realignment as the company’s new owners, Valence Media, arrange properties including the media brands as well as Media Rights Capital, Dick Clark Productions and a stake in A24,” Deadline reports.
John Amato’s exit was announced today by Valence co-CEOs Asif Satchu and Modi Wiczyk, who noted that the company is searching for his replacement.
“While a broader restructuring has been ongoing this year at Valence and its properties, the timing of Amato’s departure may not have been entirely accidental,” Deadline notes. “Amato had recently faced criticism from editorial staffers, especially at Billboard, for allegedly interfering with the publication of several stories outlining sexual misconduct claims against his music industry associates.”
The report adds: “Charlie Walk, the former president of Republic Records who was ousted as a judge on Fox’s reality show ‘The Four’ after allegations of sexual harassment, was reportedly one subject of #MeToo stories Amato is said to have squelched before their publication.”