'Newsweek has fired its editor-in-chief, his deputy and three reporters after they worked on stories about a probe into suspected financial fraud at the magazine's parent company.
Johnathan Davis, the co-founder and chief executive of Newsweek Media Group, fired editor Bob Roe, deputy editor Ken Li and reporters Celeste Katz and Josh Saul, as well as Josh Keefe, a reporter for the International Business Times, on Monday.
Katz, Saul and Keefe had all been writing about the investigation by the Manhattan district attorney's office into the fraud allegations. The stories were all edited by Row and Li.
'This whole entire staff feels it's clearly retaliatory,' a source told the LA Times.
Editors have told their staffers not to work until the company tells them exactly what is happening.
Another source told New York Daily News that staffers had been concerned about the impact of their stories and had directly asked Row and Li if they would lose their jobs over the coverage.
The editor and his deputy pledged to protect their staff and would quit if the reporters were fired. But it doesn't look like anyone predicted that Newsweek would have cut the editors too.'
Read more: Newsweek fires editor-in-chief, deputy editor and three reporters after they publish stories about suspected fraud at the magazine's parent company