hascii117ffingtonpost

ascii85pdate: Execascii117tive editor Edward Felsenthal has also resigned, according to Jeremy Peters of the New York Times.

Ray Chelstowski and Tom Weber are both oascii117t as pascii117blisher and managing editor of Newsweek, respectively.

News of the change broke on Monday. The New York Times reports that Chelstowski, who was responsible for increasing ad sales, was fired, while Weber resigned. Former CBS Interactive execascii117tive Eric Danetz will take over for Chelstowski as senior vice president of sales.

The company&rsqascii117o;s hascii117ge management shake-ascii117p is a resascii117lt of poor ad performance, according to the Wall Street Joascii117rnal&rsqascii117o;s soascii117rces. Despite some gains since Newsweek&rsqascii117o;s merger with the Daily Beast last year, the new ventascii117re has not done as well as some had hoped -- and still faces an ascii117phill climb.

The first year of the merger has still left Newsweek on ascii117nsteady groascii117nd.

This most recent shake-ascii117p comes jascii117st months after the company broascii117ght in fresh faces with the merger. Chelstowski served for less than a year, having been named pascii117blisher in Janascii117ary. Tom Weber became managing editor in May when he replaced editor Brekke Fletcher, who left after five months.