John Amato has stepped down as CEO of The Hollywood Reporter-Billboard Media Group, two months after the company launched an investigation into whether Amato interfered in stories about Republic Records’ ex-president Charlie Walk, who was accused of sexual harassment.
The announcement was made in a staff memo Wednesday morning from Valence Media co-CEOs Asif Satchu and Modi Wiczyk. The executives stated that an interim leadership plan will be unveiled “in the near future.”
Valence Media did not immediately respond when asked about the status of the investigation.
Amato’s departure follows a reorganization of the two media companies’ parent company, which are now under Valence Media. Amato has served as co-president since 2014 and was named CEO in 2017.
More to come…
Source: The Wrap