Richard Beckham CEO of e5

According to BrandWeek, Richard Beckham has resigned at his current job, Conde Nast, to become CEO of e5 Global Media (now owns and publishes The Hollywood Reporter, Billboard, and Adweek).

Beckham will have his last day at Conde Nast on Friday and then will start work on e5. The official terms of the deal were not released, but sources say that it is in the $70 to $75 million range.

Beckham is getting out of Conde Nast just in time, after having a bust 2009 year losing close to a billion dollars in ad revenue.

To read more go to BrandWeek.