Out Magazine Owner Pride Media Suing for $10M Over Payment Issues
Pride Media wants payback, literally, for the fallout it claims to have experienced around freelancers for Out magazine going unpaid. The holding company, formed after Oreva Capital purchased previous Out owner Here Publishing in 2017, told a local New York court on Tuesday that it’s been unfairly held responsible, slandered and disparaged by two entities that previously produced the magazine. Claims it says are worth damages of at least $10 million. As first reported by WWD, Out for many years was produced through what was essentially an outsourcing arrangement between Here Publishing and Grand Editorial, a production company owned by Aaron Hicklin, Out’s longtime editor in chief. Hicklin in 2017 sold Grand to McCarthy Media, owned by Evanly Schindler, and subsequently dissolved Grand. When Oreva, owned by Adam Levin, acquired Out, among other of Here’s LGTBQ publications, it continued the outsourcing contract with McCarthy until last November. Pride claims that although it continued to make bi-monthly payments of $45,800 for print and online production of Out and $1,300 for Outtraveler.com, as well as $39,900 for print production of The Advocate on an as-requested basis, freelancers went unpaid, with invoices exceeding $120,000. The company, as it did first to WWD, argued that Schindler andFollow WWD on Twitter or become a fan on Facebook.
Read More...from WWDWWD https://ift.tt/2YylRC2
0 comments:
Post a Comment