Adweek Parent Guggenheim Media Announces Changes

To split businesses into two operating units

Guggenheim Media, the parent of Adweek, announced that it is splitting into two operating entities.

Jeff Wilbur was tapped to head up Adweek plus The Clio Awards and Film Expo Group as president. Wilbur most recently was the CFO of Guggenheim predecessor company Prometheus Global Media; Adweek editorial director Jim Cooper and publisher Suzan Gursoy will report to him.

"Creating an organization that puts all of these great names and brands under one roof–in a figurative way—will provide the best opportunity for future growth and success," Todd Boehly, president of Guggenheim Partners and chairman of Guggenheim Media, a portfolio company of Guggenheim Partners, wrote in a memo to employees. "We also believe it will provide the greatest benefits for all of the constituents of these entities."

Janice Min was named to lead Billboard and The Hollywood Reporter as co-president and chief creative officer of the newly created Entertainment Group, with oversight for all editorial direction of the music and entertainment brands. John Amato was named to lead business initiatives as co-president, working parallel to Min. Both will report to Boehly.

"We believe that this new structure will not only foster growth, but allow enhanced opportunities for advertisers, readers, viewers and/or audiences and, of course, our employees," Boehly wrote. "These brands can be a continuous voice against the backdrop of our live events and provide global opportunities to work with talent both in terms of in depth industry insight and promotional opportunities."