NEW YORK (CelebrityAccess) — John Amato, the New York-based CEO of The Hollywood Reporter-Billboard Media Group, is stepping down from his role at the company.
According to The Hollywood Reporter, Asif Satchu and Modi Wiczyk, co-CEOs of the company’s corporate parent Valence Media, revealed Amatos’ departure in a memo to staff on Wednesday.
The memo stated that plans regarding leadership for the company would be revealed in the “near future” THR reported.
Amato has been with The Hollywood Reporter-Billboard Media Group, when he was named co-president. He was named CEO in 2017.
THR noted that Amato’s departure comes amidst a Feb. 1 reorganization at the parent company of The Hollywood Reporter and Billboard brands, which brought them under control of Valencia Media, which also serves as the parent for Media Rights Capital and Dick Clark Productions.
However, as Deadline Hollywood noted, the timing of Amato’s departure may not be entirely related to a corporate reorganization. Amato has been under fire from editorial colleagues, particularly at Billboard, over his handling of reporting of sexual misconduct against former Republic Records president Charlie Walk.
According to reports, Amato was accused of squelching Billboard stories regarding Walk’s alleged misconduct. The allegations against Amato were first reported in a May article by the Daily Beast, which cited numerous sources at Billboard who said Amato insisted on personally reviewing several stories about Walk, which he then refused to run.
“It’s not smart to tell reporters, many of whom are female, what is valuable to report and not to report in #metoo, especially when you’re not a journalist yourself, and you’re just pretending to be one to keep your friends happy,” one unnamed source told the Daily Beast.
A rep for Billboard/THR was unavailable for comment.