More Layoffs At Variety

Advertising is down at Variety, still, and that can only mean one thing, more layoffs. Two months after their first round of layoffs&#151that took 30 employees including notables such as Mike Jones, Jeff Sneider and Anne Thompson&#151the industry paper has decided to take out another seven percent of its staff.

This round of layoffs includes such surprises as TV reporter Dan Frankel, New York bureau chief Dade Hayes and executive editor Michael Speier. Despite all of this, “Variety is an extremely profitable franchise,” President and publisher Neil Stiles, told

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