Richard Beckman Denies Sale of Prometheus

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By Chris O'Shea Comments

Early today The New York Post ran with a rumor about Prometheus Global Media – the company that publishes Brandweek, Mediaweek, Adweek, The Hollywood Reporter and others – being sold.

The report stated that the investors behind Prometheus were looking for a 50 percent premium on the initial price paid for the company. As with any rumor, there were conflicting views, as a spokesperson for the investing company told the Post that the company is not being sold.

Now, Richard Beckman, CEO of Prometheus, has spoken up on the issue via a company-wide memo, which was obtained by The Cutline.  Not only does Beckman deny the sale, he states that it is looking to expand.

It’s wise to view anything Beckman says with a bit of skepticism. The guy’s nickname is Mad Dog, and as we can all remember from college, things named Mad Dog shouldn’t be trusted.