SpinMedia Cuts 19, Folds Vibe
The tumultuous times at SpinMedia continue. According to Capital New York, the company has laid off 19 staffers and has decided to fold Vibe.
Stephen Blackwell, SpinMedia’s CEO, said the cuts came mostly from the company’s video, photo, and sales divisions. On Monday, the company let go of Tom Morrissy, its chief revenue officer, after only five months.
The decision to fold Vibe comes almost exactly one year after SpinMedia’s previous CEO — Steve Hansen — announced he was resurrecting the title by printing four issues per year.
Blackwell said vibe.com
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in