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Group Nine Media, whose digital media properties include PopSugar, The Dodo and NowThis, laid off dozens of employees, or 7% of its more than 700-person staff, across the company.
It’s the latest publisher to take drastic action as COVID-19 has drastically altered the media landscape. As the first quarter just wrapped, media companies including Bustle Digital Group, CQ Roll Call and G/O Media announced layoffs last week.
Executives had privately forecasted Group Nine Media to turn a profit this year.