Since Puja Patel tweeted that she would be joining Spin magazine in September as editor in chief, several things have happened.
According to Keith J. Kelly, parent company SpinMedia, which he says is losing at least $5 million a year, has engaged investment bank Pensky Prunier to explore a sale of all its properties. Other sites include The Frisky, Idolator and Go Fugg Yourself. And this afternoon, Billboard, picking up on Kelly’s reporting, revealed that a number of layoffs have been made at Spin magazine to help pave the way for the “new vision” Patel has been entrusted with.
Patel
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in