BOULDER, Colo. — New Frontier Media and Michael Weiner announced today in a statement that they have reached an amicable resolution to their dispute concerning Weiner’s separation from New Frontier.
The dispute arose in 2012, prior to the purchase of New Frontier by Larry Flynt.
“This was a matter we inherited upon our acquisition of the company, and one that we felt was in the best business interest of the company to put behind it,” said Michael H. Klein, current president of New Frontier. “The settlement, which is not an admission of wrongdoing by New Frontier, allows us to devote more attention to growing our business, and is reflective of Mr. Weiner’s long-time service to the company.”
Weiner said of the settlement, “I’m happy to have this matter finally resolved, and I look forward to focusing my energies on a number of new projects.”
New Frontier Media's firing of Weiner last November was preceded by the belief that he and David Nicholas, another board director at the company, were planning to sell the adult transactional TV service to an investment company that made a hostile takeover bid.
