The newspaper is quoting sources as saying that Prometheus Global Media, which owns the trade pub, is not happy with
Adweek under Michael Wolff, whose contract may not be renewed come
October.
As usual, look to the bottom line. Apparently, sources say, the heretofore editorial director (he has stopped identifying himself as such in interviews) and his free-spending ways
have only added to
Adweek's weak ad revenue.
Also a problem: Wolff's gruff management style, leading human resources to tell staffers to sit tight, pending situation
resolution.
As for Wolff, here's what he posted this morning on Facebook: "The New York Post is saying I'm going to be fired...there's a bet: Who lasts longer, Rupert or me?"
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