Guggenheim Moves

Guggenheim Partners, the new parent company of Billboard, Adweek and the Hollywood Reporter, has made changes at the top bringing in former Yahoo exec Ross Levinsohn as CEO. 

He replaces Jimmy Finkelstein who has sold his ownership share in what had been known as Prometheus Global Media to Guggenheim.  The division that now holds the trade mags, the Clio Awards, and the recently acquired interest in Dick Clark Productions is now known as Guggenheim Digital Media.

Guggenheim is an enormous investment firm with more than $160 billion in assets under management.  Led by president Todd Boehly and CEO Mark Walter, the company has investments in a wide array of assets including a controlling interest in the Los Angeles Dodgers.

According to Deadline Hollywood, Guggenheim brought in “bean-counter” Dottie Mattison last July to head the Prometheus trade pubs in an effort to try to stem the flow of red ink that Finkelstein apparently could not stop. 

Levinsohn was named interim CEO of Yahoo in 2012 but left after he was passed over in favor of ex-Google exec Marissa Mayer.