SpinMedia Cuts Tom Morrissy After Just Five Months

SpinMediaLogoSpinMedia has cut its chief revenue officer, Tom Morrissy, after only five months on the job.

Morrissy, a former publisher of Entertainment Weekly and OK!, came to the company from Selectable Media, where he served as chief revenue officer as well.

The New York Post reports that Morrissy was let go in an effort to cut costs at the still unprofitable company.

SpinMedia is nothing if not well, spinning. The company named its fourth CEO in less than two years just a few weeks ago.