Nathan Coyle has resigned as the chief executive officer of Pride Media, owner of the nation's biggest LGBTQ publications, including The Advocate and Out.
Coyle, who joined the company in June 2018, will now serve as the chief executive officer of the Ford Modeling Agency.
“The majority shareholder of the company chose to bring me on to work with him in developing a strategy to advance and evolve the great foundation that the Ford business has been built upon,” Coyle told The Hollywood Reporter on Thursday morning, prior to informing his staff at Pride Media.
Coyle told THR that he is being brought in to expand the agency's business “into new areas and new revenue streams."
However, he joins the agency in the midst of on-going turmoil that arose under his tenure at Pride Media that's been crystalized with the hashtag #OutOwes.
Dozens of writers and photographers for Out have complained about late payments, which Coyle said was partly due to a complicated payment structure set up before he was hired as CEO.
Previously, a company called Grand Editorial created content for Out who paid a lump sum for their content, and Grand was responsible for distributing payments to writers and photographers.
As Pride Media argued with Grand's new owner over who was responsible for the payments, Coyle promised freelancers would be paid in the interim. Some have said they are still waiting for payments owed them.
Pride Media's spokesperson confirmed with The Advocate that Coyle is no longer with the company and will be replaced by chief revenue officer Orlando Reece in the interim.
"Orlando has demonstrated a keen ability to grow business, increasing sales by 35% over the past year alone for the Pride Media portfolio, while expanding the company’s sales and marketing programs with key advertisers,” Pride Media spokesperson Bill Harrison said.
Reece will take control of the media company immediately.