Word: wenner
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Dates: during 1970-1979
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Last week most of the survivors never made it to Friday. Filipacchi turned the editorial and financial management of Look (arc. 650,000) over to Jann Wenner, 33, editor and publisher of Rolling Stone, the rock-music tabloid. Wenner will receive an unspecified fee and a share in any future profits-but no stock-and has agreed to lend Look $500,000. Filipacchi, who publishes Paris Match and eleven other French journals, will retain 51% ownership of the magazine (six French partners control the rest). Wenner will remain Rolling Stone's editor and publisher, assume those titles at Look...
...sooner had Wenner taken over at Look on Tuesday than he barricaded himself in a corner office and had a secretary summon editorial staff members one by one. Within hours he had fired 19 of 34, plus the summoning secretary. Over the next few days, nearly 80 full-time and part-time staffers on the business side were dismissed by Wenner aides. Stunned victims, who received one or two weeks of severance pay, were calling it the "Jonestown Roll Call" and the "French Terror." Said Kevin Buckley, 38, sacked as a senior editor: "There were several...
...explanation, Wenner and Filipacchi announced that beginning with the July issue, Look will switch from biweekly to monthly publication, a move they said justifies deep staff cuts. Look's start-up costs have already topped $7 million, and losses are mounting at the rate of $300,000 an issue. The magazine received cautious initial praise for its mix of photos, articles about politics and medicine, and timely profiles, but lately the celebrity fluff has gained ground. Admitted former Editor and President Robert Gutwillig, 47, who remains a consultant to Filipacchi: "If we had done a better job, we would...
...Felker is reported to have asked, "Who was that?"). In Murder, a Felkeresque press lord named Walter Foster loses his empire in an unfriendly takeover. Then, worse fate, he is displaced from his regular table at Elaine's by a younger publishing whiz, Rolling Stone's Jann Wenner, making a cameo appearance under his own name. After a long exile, Foster returns unexpectedly one steamy August night when the restaurant is mysteriously jammed with patrons who ought to be in the Hamptons. The lights go out, a shot is heard and Foster is found under his old table...
News from the world of Middle East music ("Iraq, Iran, and I'm learning very fluent Hebrew!"). If Anwar Sadat is chosen Man of the Year by Time, the newsweekly with its finger squarely up the nose of middle America, then perhaps Rolling Stone publisher Jann Wenner is a close second. The latest Rolling Stone contains its annual reader's poll--not surprisingly, Fleetwood Mac comes out on top--"Rumours" still goes platinum again every month. But perhaps the most interesting precious metals are passed out in the Platinum Turkey Awards, in the "What Ever Happened to Ego Death" Category...