New Frontier Media Ousts CEO Michael Weiner, Appoints New Brain Trust

BOULDER, Colo. — Beleaguered adult transactional TV giant New Frontier Media has terminated CEO Michael Weiner.

The company released a statement today saying Weiner has also been replaced as Chairman of the Board by Alan L. Isaacman, who is the founder and senior member of the Los Angeles-based law firm of Isaacman, Kaufman & Painter, P.C. and has been a director of New Frontier Media since 1999.

A committee of the company's Board of Directors will oversee the process for the identification and selection of the next CEO. In the interim, the duties of CEO will be shared by Grant Williams, the company's CFO, Marc Callipari, the company's chief legal officer, and Scott Piper, the company's chief technology officer.

The move comes after a series of recent legal hits including a breach of contract by Grand Tourisme Audiovisuel, a Luxembourg-based operator of adult transactional TV channels and Private Media Group that’s seeking $ 1million in a complaint that alleges New Frontier ceased payments in the middle of its deal.

Last July, in its annual report filed with regulators, the company reported that revenue from its transactional TV unit fell lower than expected in the past fiscal year, partly because of the availability of free porn on the Internet and that it would take a $3.7 million goodwill impairment charge for the segment after two straight years of decline, adjusting its five-year economic forecast downward.

The company's stock has reportedly lost more than 78 percent of its value over the last five years.

In an effort to right the company’s shaky course and appease shareholders, its board has been contemplating a possible sale spearheaded by a special committee of independent members with the assistance of legal and financial advisors that include Alston & Bird LLP and Avondale Partners, LLC, serving as legal and financial advisors, and Holland & Hart LLP, serving as legal advisor.

Recent suitors included bids from investment firm Longkloof Ltd. (with which it also faced a legal battle) as well as from Luxembourg-based Manwin, which bought Playboy TV late last year.

In today’s statement, the board expressed its confidence that under the leadership of the new brain trust the company will have in place a capable leadership team during the search for a new CEO.

New Frontier Media offers the Penthouse TV premium channel and pay-per-view services packaged as The Erotic Networks, or TEN, that include Xtsy, Juicy and VaVoom.

XBIZ contacted the company for comment but did not receive a response by post time.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Dr. Charlotte Gaydos Joins ProDx Health Advisory Board

Dr. Charlotte Gaydos has joined the Advisory Board of ProDx Health.

Aylo Fined $5 Million as FTC, Utah Settle Safety Practices Complaint

The Federal Trade Commission and the state of Utah on Wednesday settled a complaint against Aylo, requiring the company to pay a $5 million penalty and implement measures to prevent illegal content from appearing on its sites.

New AI Companion Platform 'Pornstar.love' Launches

Pornstar.love, a new AI companion platform, has officially launched.

Jonni Darkko Directs New Chloe Amour Showcase

Evil Angel has released Jonni Darrko’s Chloe Amour showcase, titled "Mon Amour."

Pineapple Support, Stripchat to Host 'Navigating Thoughts of Suicide' Support Group

Pineapple Support and Stripchat are hosting a free online support group to help performers deal with suicidal ideation.

Plaiir Names Cade Maddox as Lead of Creator Relations

Networking platform Plaiir has appointed Cade Maddox as its new lead of creator relations.

Bella Reid Named Penthouse's 'Pet of the Month' for September

Penthouse Magazine has named Bella Reid as Pet of the Month for September.

Go.cam Launches 'One-Line Integration' Verification Solution

Go.cam has introduced a one-line code integration for age verification.

Andi Avalon Fronts Latest From New Sensations

Andi Avalon and Ken Feels star in the latest release from New Sensations.

Ricky's Room Drops Final Installment of Baby Gemini Showcase

Ricky’s Room has released the final installment of its Baby Gemini showcase, titled "Six Bodies In Motion."

Show More