Valence Media co-CEOs Asif Satchu and Modi Wiczyk announced to the Billboard staff on Monday via e-mail that the company will conduct an independent third-party review related to an alleged conflict of interest around the coverage of music executive Charlie Walk.
The complete message is shared below:
We would like to share with you the steps we have taken to address the issues raised in an article published on Friday alleging a conflict of interest regarding Billboard’s coverage of music executive Charlie Walk.
Valence takes editorial integrity seriously. After consulting our colleagues, including John Amato, we have commenced the process of appointing an independent third party to lead a comprehensive review of this situation. In addition, the review will ensure that our publications have and follow best-in-class policies and procedures, and a mechanism for people to share their perspectives and experiences in a confidential manner. We are committed to a thorough, accurate and fair review.
John has embraced this path forward and supports a process that clarifies and resolves this issue for the benefit of all of his colleagues and our entire organization.
One final note – we want to recognize the wonderful, insightful and courageous journalism that takes place at our company every day. We celebrate your hard work and the impact you make on our industry and our readers.
We thank you in advance for your patience and assistance in this matter.
Asif and Modi