Richard Perez-Feria and Eduardo XolI have come across more information about Richard Perez-Feria getting fired from Time Inc. as People en Español’s Editor. Apparently, there were more reasons as to why Richard was let go. Richard was using the magazine to improve his own celebrity status, accepting a book deal and planning to produce East Side Story, a gay take on West Side Story.

Richard was also flying Eduardo Xol, from Extreme Makeover: Home Edition, all over the country as his new boy toy, named him one of the “50 most beautiful”, got him a deal to design dish ware, gave him a column in the magazine naming him contributing editor, and also supposedly bought him a Tiffany’s watch and other gifts for his “contribution”, all while expensing this to the magazine.

Eduardo, of course, accepted all of this but is now getting the surprise of his life, as Richard is moving to LA in hopes of living together happily ever after. Now that Richard is gone from the magazine, it’ll be interesting to see if Eduardo’s gig at the magazine continues and even more interesting to see if Eduardo sticks around him now that Richard’s power has been diminished. Eduardo was starting to get an attitude close to that of Richard’s so perhaps it is better for him and his career that this is going down before it is too late.

So now Eduardo can selfishly move on to the next man who he will strategically bed to gain more fame and perks. Any takers? Apparently all it takes is a few public gigs and a watch.

I have included the official internal email from Martha Nelson of Time Inc. that announces that Richard is “leaving” his post after the jump.

From: Email_Announcements - IT
Sent: Fri Jun 30 05:35:59 2006
Subject: Staff Announcement

June 30, 2006

To: Time Inc. Employees

From: Martha Nelson

Re: Staff Announcement

It is with regret that I announce that Richard Pérez-Feria will be leaving his post as Managing Editor of People en Español. Richard, who is both bilingual and bicoastal, plans to pursue a number of West Coast-based projects in film and television. Guaranteed to give Simon Fuller a run for his money, Richard’s first project will be working with producer Nely Galán on a reality television program he conceived. Richard and Galán are also co-executive producing a feature film, East Side Story, which Richard describes as the first Latino gay romantic comedy. (I have already booked my table for the day he wins his first Indie Spirit Award.) And as proof that he is not leaving print behind, he is also at work on a memoir, slated for publication in 2007.

Since joining People en Español in April 2003, Richard has revitalized the title with a redesign and a series of exclusive and creative cover stories. His work has resulted in year-over-year rate base increases and steadily improving newsstand sales. Typical is his work on “Mas Bellos,� which he has made a marquee issue and hot-ticket event.

Every year under his tenure, People en Español has been on Adweek’s “10 Under 50″ List (a first for a Hispanic title), has won two FOLIO: “Gold” Awards as Best Entertainment Magazine, two Henry Luce Awards (Best Design, Cover of the Year), was the only Hispanic magazine on the Chicago Tribune’s 2005 list of Top 50 magazines (#9), and was one of MIN’s Top 20 Launches of the Past 20 Years. On a personal note, Richard just received two prestigious honors. From Ballet Hispanico, he received the “Inspiration Award” for empowering the Latino community. Last month, GLAAD honored Pérez-Feria at their Media Awards with their first-ever “Visibilidad Award.”

Richard will be working with me to find a new editor for the magazine, which he describes as “the best gig in my life.” Please join me in congratulating Richard on his achievements at People en Español and on his new career.

M. N.