Prometheus Global Media
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Formerly called
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e5 Global Media |
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| Subsidiary | |
| Industry | Digital media, trade publications |
| Predecessor | Nielsen Business Media |
| Headquarters | New York City, New York, United States |
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Key people
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Ross Levinsohn, CEO |
| Website | prometheusgm |
Prometheus Global Media is a New York City-based B2B media company. The company was formed in December 2009, when Nielsen Company sold its entertainment and media division to a private equity-backed group led by Pluribus Capital Management and Guggenheim Partners. Guggenheim acquired Pluribus's stake in the company in January 2013, giving it full ownership under the division of Guggenheim Digital Media.
The company owns and operates a number of major entertainment industry trade publications and their associated digital properties, including Adweek, Backstage, Billboard, Film Journal International, and The Hollywood Reporter.
On December 17, 2015, it was announced that Guggenheim would spin out its media properties to a group led by former executive Todd Boehly.
On December 10, 2009, the Nielsen Company announced that it would sell its Business Media division, which included brands such as Adweek, Billboard, and The Hollywood Reporter, to a new company known as e5 Global Media; a joint venture between Guggenheim Partners and Pluribus Capital Management—a company led by James Finkelstein, Matthew Doull, and George Green. Two Nielsen properties, Editor & Publisher, and Kirkus Reviews, were not included in the sale, and were to be shut down.Editor & Publisher would instead be sold to the Duncan McIntosh Company, and Kirkus Reviews would be sold to Herbert Simon. The company's first CEO was Richard Beckman, previously an executive and publisher at Condé Nast and Fairchild Publications, and former publisher of magazines GQ and Vogue.Beckman's career suffered a setback in 1999 following "some inappropriate behavior" resulting in injuries to Vogue's West Coast advertising director Carol Matthews, while Beckman was Matthews' publisher at Condé Nast.
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