Matthew Belloni resigned as editorial director of The Hollywood Reporter due to intense conflicts with Modi Wiczyk and Asif Satchu, the co-CEOs of the trade’s owners Valence Media, over their…
due to intense conflicts with Modi Wiczyk and Asif Satchu, the co-CEOs of the trade’s owners Valence Media, over their attempts to meddle with the publication’s editorial independence.
“Journalists being journalists, some may wonder: Why now,” Belloni wrote. “No, the current global situation didn’t play a role in my exit. Today’s announcement is the result of a series of conversations I’ve had for a few months with Modi about the direction at THR. Some may want to read into that, but I’ll just say that well-meaning, diligent, ambitious people can disagree about fundamental priorities and strategies.
The tension between Belloni and the Valence executive leaders started to increase over the past several months as THR made plans to move out of its mid-Wilshire offices and into the MRC building in Beverly Hills. That move has been delayed by the work-from-home mandate. Belloni was well liked by the newsroom and was seen as a capable, albeit demanding editor. His exit has hit staffers hard and may lead to other resignations. The publication was in cut-back mode even as COVID-19 upended the entertainment business. Roughly a half-dozen editorial staffers were laid off in recent weeks and more cuts are expected.
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