Matt Belloni was fired as editorial director of The Hollywood Reporter after 14 years at the publication on Monday with no reason given for the move, although TheWrap reported tension between him and Modi Wiczyk and Asif Satchu — the co-CEOs of THR’s parent company Valence Media — over editorial independence.

TheWrap obtained his exit memo to his staff, in which the longtime editor wrote: “”Well-meaning, diligent, ambitious people can disagree about fundamental priorities and strategies.”

Also Read: Hollywood Reporter Editor Matt Belloni Steps Down Amid Debate Over Editorial Independence

Here is the full memo:

I’m writing today to break news that many of you thought you’d never read: I’m leaving The Hollywood Reporter. Change is good; you gotta reinvent to thrive; do something that scares you every day; etc, etc. All the clichés are clichés because they’re true: It’s time for something new for me. But...