Robservations on the media beat:
Writers for one of Chicago's fanciest lifestyle magazines say they haven't gotten paid in months. Michigan Avenue magazine, which relies on freelance contributors for much of its content, is behind as much as eight months in paying for work it has published. Officials of Modern Luxury, which owns Michigan Avenue, acknowledge "ongoing invoicing issues," which they attribute to their merger with GreenGale Publishing (formerly Niche Media) in April 2017. "The executive team has realized the extent of a large technical gaffe in the accounting department when Modern Luxury merged accounting software with Niche Media during our acquisition of their company," Stephanie Davis Smith, editorial director of Atlanta-based Modern Luxury Media, told staffers in an email. "We want to assure you that the company is solvent, the accounting process is getting the full attention of the CFO and CEO, that we are committing our resources to resolving the issue, that you WILL get paid, and our accounting team is doing the best they can to sort through the issues so we don't underpay or double pay." In Chicago, Modern Luxury also owns CS (Chicago Social), NS (North Shore), Modern Luxury Weddings Chicago and Modern Luxury Interiors, among other titles. Continue reading