When Richard Beckman took over the Hollywood Reporter, he promised to turn the trade rag around. One of his most dramatic moves to date: attempting to lure Page Six editor Richard Johnson to LA with a million dollar pay package.
It makes sense that Beckman, who's pledged to turn The Hollywood Reporter into the "crack" of the entertainment industry, would want to recruit a big name to the flagging title. (He's already tapped Janice Min, the former editor-in-chief of Us Weekly, to serve as the Hollywood Reporter's editorial director.) We hear Beckman—who left Condé Nast last year to run E5 Media, which controls a bunch of media trade titles like Billboard and AdWeek—was so determined to get Johnson to make the jump that he offered the hard-partying gossip veteran a pay package worth close to $1 million.
This included more than doubling his current salary, paying him a signing bonus, and paying for his move to LA.
The problem? Although Johnson was prepared to accept the job, New York Post editor-in-chief Col Allan refused to let Johnson out of the contract he renewed last year, which will keep him at the paper for another couple of years.