The firing of top editors, a long running battle with the authorities on the publications finances and questions over the business model could spell bound the fall of one of the world’s most famous media titles.
Yesterday, CNN reported that editor-in-chief Bob Roe and executive editor Ken Li were fired.
Citing financial issues at the magazine as well as an investigation by the Manhattan District Attorney’s office into its parent company, Newsweek Media Group, the CNN said the news comes at 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,” it said.
However, it is not all about the financial and legal issues the company is facing said a senior writer Matthew Cooper, who tendered his resignation on Monday.
In his resignation letter obtained the writer said that he has never “seen more reckless leadership.”
“It’s the installation of editors, not Li and Roe, who recklessly sought clicks at the expense of accuracy, retweets over fairness, that leaves me most despondent not only for Newsweek but for other publications that don’t heed the lessons of this publication’s fall,” Cooper said in the letter,” he said.