By EW Staff
Updated November 05, 2013 at 12:00 PM EST

Hollywood trade news web site Deadline Hollywood and its founder and editor-in-chief, Nikki Finke, have parted ways. The popular site posted a story announcing the change in leadership Tuesday evening. Finke and the site’s owner, Jay Penske — whose Penske Media Corp. also owns the trade site and print publication Variety — had been at odds for months, their tumultuous relationship making headlines around the industry.

The post on Deadline Hollywood by film editor Mike Fleming and TV editor Nellie Andreeva outlined the staff’s plans following Finke’s exit.

“This is an emotional and painful parting of the ways for us. When we joined Deadline four years ago from The Hollywood Reporter and Variety (respectively), we felt that we were doing something disruptive and game-changing. That spirit is what brought us together and will keep us together, and the current team will remain on that path. Businesses evolve and change, and we’ve learned that no one is indispensable,” Fleming and Andreeva wrote.

Deadline Hollywood quickly became a go-to site for entertainment industry insiders following its launch in 2006. It was bought by Penske Media Corp. in 2009.