In a statement provided to Politico, The Daily Dot founder and CEO Nicholas White promised that the reporter positions eliminated Friday would be replaced in short order by additions to the video, sales and e-commerce departments. He very emphatically termed the layoff of journalists a “restructuring” and ended by restating the he is “especially happy” about the company’s success with video, e-commerce and sales.
In other words, follow the money. In this Shane Smith-heralded “bloodbath” era, media companies must do what is necessary to survive.
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